Citigroup directors came up with two separate positions CEO and Chairman this time. Due to limited experience of Vikram Pandit ( only in investment segment).
The new chairman Mr.Bischoff is an interesting personality. The German-born South Africa-educated Briton lead merchant bank Schroders and exedues the global gravitas befitting Citigroup's aspirations. That is why Queen Elizabeth knighted him seven years ago. He is in the board of Turkeys Akbank and in four companies in England. He stays in London, 3458 miles away from Park Avenue, New York.