Citigroup has appointed Michael Klein chairman and John Havens CEO of its Institutional Clients Group. In addition to his ICG duties, Klein will chair a “company-wide client committee focused on delivering ‘one-Citi’ to all clients,” according to a company press release. Meanwhile, Citi will be 2,000 employees lighter by the end of March, according to press reports. The capital-markets unit reportedly will take the biggest hit, although layoffs are expected at the M&A business, too.
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