Pandit Hires Right-Hand Man as Chief Administrator
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Hurrying to put his stamp on Citigroup Inc., the new chief executive officer, Vikram Pandit, named a longtime colleague and former Morgan Stanley executive as chief administrative officer.
Don Callahan will oversee Citigroup’s administrative functions, including technology, marketing and branding, and corporate affairs, Mr. Pandit said in a memo to Citigroup employees yesterday.
At Morgan Stanley, Mr. Callahan developed a reputation as Mr. Pandit’s right-hand man, working alongside him when he ran the Wall Street firm’s institutional securities group. After leaving Morgan Stanley last year, Mr. Callahan had a brief stint at Credit Suisse Group before joining Citigroup, where he was chief administrative officer in the institutional clients group that Mr. Pandit headed before being tapped this month as CEO.
