Yesterday, Citigroup CEO John Reid announced a new round of organizational restructuring of Citigroup, the establishment of the Global Corporate and Investment Finance Department, and Jamie Dimon was transferred to the Executive President of the Global Corporate and Investment Finance Department. It is reported that the division will be responsible for investment banking business in addition to banking, card business, travelers' property insurance business, and Pan American financial business. ”

Jamie Dimon is 42 years old and has been Sandyvae's closest follower since 1982, with whom he founded the Travelers Group. Prior to the merger of Voyagers Group with Citibank, he was once considered the successor of Sandyvale and served as president of Voyagers Group. ”

Citigroup CEO John Reid said that the adjustment is to enhance Citigroup's competitiveness in the investment banking field, especially in emerging markets. Jamie Dimon's previous career and industry experience is the perfect fit for this role, which will help Citi expand its business across Asia, Europe, the Middle East, Latin America and the Middle East and increase its global market presence. ”

Jamie Dimon said in an interview that after the redistricting, Citi has identified 20 emerging markets. These include Argentina, Brazil, Mexico, Poland, Lijiapo, Korea, China, India, Malaysia, Australia and other countries and regions. Citi hopes to increase its market share in these regions to 6%-8% in the next five years. Currently, Citi has less than 3% of the market share in these regions, and Jamie Dimon faces quite a difficult challenge. ”

Investors were optimistic about the adjustment, and Citi's shares jumped 1.85 percent at the open. Some analysts pointed out that Citi's change shows that the cooperation between Citi's two CEOs is in the honeymoon period. Previously, investors were most concerned about whether the dual-CEO system would plunge the newly merged Citigroup into infighting, and John Reed's heartfelt smile at the press conference dispelled investors' doubts. The 14-year Citibank manager gave full confidence to Jamie Dimon, saying that all the adjustments were made in Citigroup's interests, and that there was no problem between Sandievale and him, 'The two of us can go to each other's homes for dinner.' So says the banker, who once changed the entire banking industry with ATMs. ”

Blancuffen put down the Wall Street Journal in his hand, his eyes flickering.

He doesn't believe a word in the Wall Street Journal, he was a director of the Travelers Group for a few months, and although the feud between Jamie Dimon and Sandyvale is not well known, his eyes have long found clues.

He is not optimistic about Jamie Dimon taking this position at all.

On the surface, Jamie Dimon seems to have changed from a fictitious president to a real power figure above 10,000 people under the two people with real power, but in fact, he himself took the initiative to jump into the center of the whirlpool of power struggle. If you are not careful, you will be crushed by the violent rapids.

As long as Jamie Dimon accepts the position, there is no room for easing the conflict between him and Sandywell. Sandyvale will see this as a complete betrayal of Jamie Dimon, and all the artillery fire will be directed at Jamie Dimon in the future. You know, Sandywell is the CEO in charge of the business and is still Jamie Dimon's immediate boss. His immediate boss hates him to the bone, can he still do this job well?

And even if Jamie Dimon and John Reid get rid of Sandy Vale together, and the two tigers fight, Jamie Dimon will inevitably be greatly damaged. The cunning rabbit died, the lackeys cooked, and the John Reid mantis caught the cicada and the yellow finch was behind, and it was easy to clean up Jamie Damon, who had no energy to spare.

Bellankefen has played against Jamie Dimon, and in Belankefen's impression, Jamie Dimon is indeed a very offensive opponent. But in the same way, Jamie Dimon is also very cautious and intelligent, and it stands to reason that he should not be blind to John Reid's trick to drive away the wolf.

Could it really be that Jamie Dimon is carried away by the lust for power?

Belrankfen touched his chin and groaned.

"Ring~Bell~" Bellankefen's cell phone ringtone interrupted his musings, and he glanced at the caller ID, it was William Ford, the CFO of Tinder.

William Ford has not been with Tinder for a long time, he has worked at Morgan Stanley for a long time, and before joining Tinder, he was an executive at Atlantic Volkswagen Investment Company for six years, with outstanding industry experience and personal ability.

"Hi, Lauerd, how's it going?" William Ford said on the phone.

Frankfin laughed and said, "It's the same as before, Bill, what's the matter? By the way, Sonny's enrollment has been completed, Principal Fred has already signed, and I have already informed Cinderella to take Sunny to the school next Monday to complete the enrollment procedures." ”

William Ford is a New Yorker, and now he is going to work in California, but his wife and children are still in New York and refuse to go to California with him, and his daughter is of school age again.

Trinity School is the top school on Manhattan's Upper West Side, enrolling just over a hundred students each year, and William Ford knows how difficult it can be, so he naturally praises it.

The two exchanged pleasantries for a while, and William Ford spoke: "Lauord, we had a meeting in the morning, and there are some adjustments to the budget for the fourth quarter, XXXXXX... ”

Bellakfin listened intently, and he tried his best to get in touch with the bigwigs in the headquarters, just so that he could quickly know the movements of the headquarters.

Now the scale of the fire source is getting bigger and bigger, and it is no longer Wuxia Amun. Even if Bilencfein was an old courtier who had followed Zhang Chen from the beginning, it was difficult for him to grasp Zhang Chen's dynamics and strategic deployment at any time as he had been a year ago.

The more Bellankefen listened, the more he felt that it was wrong, the budget for the fourth quarter was not increased but decreased compared with before, which was really the first time in the world.

Bellankeffin couldn't help but interrupt William Ford: "Bill, uh, excuse me, interrupt, the last time I reported to the boss, the boss agreed to raise Cowys's management fee budget by seven percent in the fourth quarter, did the boss forget?"

Could it be that there is a problem with the operation of the Tinder Source?

There was the sound of turning pages on the phone, and William Ford explained: "Regarding this matter, the boss mentioned at the meeting that the budget you asked for was adjusted to P11. ”

P11?November?Why?Belankeffin was suspicious.

Bellankefen didn't care about the budget adjustment a month late, what he cared about was the meaning behind it, whether there were any new trends in the headquarters that he didn't know, and what the impact was on him.

In the face of Frank Fen's questioning, William Ford thought for a while and said cryptically: "This budget adjustment is mainly based on some new strategic deployments of the headquarters, and has increased investment in Boston Circle and Chicago Bentley Capital. ”

Boston Circle and Chicago Bentley Capital? Bellankefen knew that these were two capital management companies that Zhang Chen had acquired in the first half of the year, and the amount of capital was not small, but there were few people, so it was not too much to say that it was a leather bag company.

Invest more in these two companies, and why?

Hanging up the phone, Bellankefen found the information of these two companies, and after looking through them for a long time, he didn't find anything that attracted attention from these two companies.

Just as Bellankefen was dizzy and about to give up, there was a snap, and a string seemed to be plucked in Belankefen's brain.

What they have in common, these two companies have something in common!

Citi.

They all have a sizable share of Citigroup on hand!

Bellankefen hurriedly found the Wall Street Journal again, flipped to the page that reported Citi, and quickly found it.

"'Citi is likely to bring in new strategic investments for emerging markets, and in fact, acquisitions and acquisitions are the fastest way to gain market share. Jamie Dimon, who has just taken over as CEO of Citigroup's Global Corporate and Investment Finance division。。。。。。 ”

That's it!

I see, if my expectations are correct, all these doubts have been explained.

How did Jamie Dimon become a Citi director, and why did he jump into it when he knew it was a trap?

Blanciffin's pupils shrank, Citi Zhang Chen's target was Citi?

(End of chapter)