New quarterback takes over at Citigroup

The Daily Deal: With the announcement that CEO Vikram Pandit would step down after nearly five years at the helm, Corbat was named as the new head of the institution he has served since 1983. “There are a lot of flags out today,” said Richard Stein of Caldwell Partners, a financial advisory firm that works with Citigroup on recruitment and restructuring issues. “Mike Corbat is incredibly well-liked across the firm, and he has had experience across many, many senior level positions.

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