The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Weill takes hands-on retirement

Afer three years of speculation about his departure, Citigroup's CEO Sandy Weil has finally named a successor. But the story doesn't end there.

Sandy-Weill 160x186
Sandy Weill

WHEN CITIGROUP CHAIRMAN and CEO Sandy Weill announced last month that he was to hand over the role of CEO to Charles Prince, there was a slew of speculation from various interested parties. None, perhaps, was as wistful as that doing the rounds of Citi's Latin America bankers: is Chuck Prince Latin American at all?

It's not as offbeat a question as it seems. Former Citigroup co-CEO John Reed had some Latin blood flowing through his veins, and vice-chairman Bill Rhodes has long been treated as an honorary Venezuelan.

If Prince were so connected, the Latin bankers' reasoning went, perhaps his appointment would herald a resurgence of interest in the region at head office, an interest some feel has been lacking since Reed lost his battle with then co-CEO Weill in early 2000.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree