Edward "Ned" Kelly, Citigroup Inc.'s own dealmaker, is working for the bank's customers again.
Kelly, who during his two years at Citi has had a number of roles including a short stint as chief financial officer, will rejoin the investment bank as the chairman of global banking.
He will report to John Havens, head of Citi's investment bank. Raymond McGuire remains the chief executive of Citi's global banking business, which helps big multinational corporations and other clients in executing strategic transactions. McGuire continues to report to Havens.
Kelly was head of global banking until July 2009, when he became a vice chairman responsible for Citi's own strategy in mergers and acquisitions. He has been Chief Executive Vikram Pandit's key executive in dealing with the government and Citi's regulators, and later focused on selling the businesses and loans the company no longer wants.
Kelly joined Citi in February 2008 from the private-equity firm Carlyle Group. Until July 2007, he was a vice chairman at PNC Financial Services Group Inc. following PNC's acquisition of Mercantile Bankshares Corp. in March 2007, where he was the CEO.
