Nine Citibankers who went on to great things
Some Citibank alumni did not simply live on their legacy at Citi, but made their own legacies.
Such was the arrogance of the old Citibank regime that John Reed was widely quoted as believing his executives were diminishing themselves by working for countries rather than for his all-conquering bank. Not so now. Pakistan's finance minister, Shaukat Aziz, says: "It's a privilege for anybody to be asked to serve their country. I am now on leave of absence from Citi. I work here in Islamabad as a volunteer, I receive no compensation either from Citi or the government."
No banker was better equipped to bridge the divide between government and banking than Aziz. His work in Citi's corporate banking area had brought him into contact with several Asian governments, and his technical expertise equipped him with a knowledge of markets that he could impart to central bankers and finance ministers at whose tables he was a familiar guest. So in 1999, when he was asked by the non-elected president of Pakistan to take the finance role, he considered it "a patriotic duty to accept".
Aziz joined Citibank's Karachi office in November 1969 and worked in the Philippines, Malaysia, Singapore, Greece, the UK, Jordan and Saudi Arabia before moving to New York. At different times, he was head of the Asia Pacific region and head of central and eastern Europe, Middle East and Africa for corporate banking out of London.