China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
UPDATE 1-Citi adds Kelly as president alternative investments
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NEW YORK, Jan 29 (Reuters) - Citigroup Inc (C.N) said it has hired Ned Kelly, former chief executive of Mercantile Bankshares, as president of its alternative investment unit.
Kelly, who most recently worked at Carlyle Group, will report to John Havens, chief executive of Citigroup Alternative Investments.
The bank also said it hired Jaime Yordan as vice chairman for global banking for Latin America. Yordan worked at Goldman Sachs from 1990 through 2005.
Citi said it named Armando Diaz as head of U.S. institutional cash trading in its global equities business. Diaz previously worked at Goldman Sachs, most recently as the partner managing single stock cash and derivative trading.
(Reporting by Dan Wilchins)
