Walter Wriston Joins Hedge Fund Dot-Com
NEW YORK - Another Citibanker has jumped on the dot-com bandwagon.Well, in this case, it's a retired Citibanker. Walter Wriston, chief executive officer of Citi for 17 years until he retired in 1984, joined the board of New York-based PlusFunds.com, an electronic marketplace for the hedge fund industry.
Earlier this year Citi's chief financial officer, Heidi Miller, resigned to become chief financial officer of Norwalk, Conn.-based Priceline.com.
Ms. Miller was joined shortly thereafter by Citi's investor relations chief, William Pike.
In a statement, PlusFunds said Mr. Wriston "brings a lifetime's wealth of financial intellectual capital, international finance expertise, operational know-how, and industry contacts."
Mr. Wriston was at Citi for 38 years and became chairman in 1970.
PlusFunds is a venture of Standard & Poor's, Ernst & Young, Advent Software Inc., RiskMetrics Group, and the Bermuda Stock Exchange.
It offers real-time valuations of hedge fund shares and daily risk measurements, and creates a secondary market for hedge fund shares.
- Liz Moyer
Colonial of Alabama Says President Has Left
MONTGOMERY, Ala. - Colonial BancGroup said Friday that president P.L. McLeod Jr. had resigned to pursue other business opportunities.Mr. McLeod, who had been with Colonial since 1981, stepped down last Tuesday, according to a statement.
A spokeswoman for the $10.9 billion-asset company said that Mr. McLeod's duties, which included overseeing the investment sales, trust, and asset management businesses, would be reassigned to other Colonial executives.
She said no decision has been made on whether to hire a new president. Chairman and chief executive officer Robert E. Lowder may simply assume that title as well.-- Louis Whiteman