November 5, 2007
A Prince gets replaced by a knight
Who? will be the reaction of many Wall Street bankers to the news that Sir Win Bischoff is temporarily stepping into Chuck Prince’s shoes as chief executive of Citigroup. Sir Win is well-known in the City of London as the former chief executive of Schroders, which he made into a pre-eminent force in mergers and acquisitions and asset management. The investment banking side of the business was sold to Citigroup’s Salomon Smith Barney in 2000. But idea that a man called Sir Win is now in charge of Citigroup will take some getting used to. His name was striking enough even before he was knighted. Now it sounds as if he is Asian.
