Organisational Structure of Citigroup : Citigroup Inc. (branded Citi) is a major American financial services company based in New York City. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group on April 7, 1998.[2]

Citigroup Inc. has the world's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide. The company employs approximately 260,000 staff around the world, and holds over 200 million customer accounts in more than 140 countries. It is a primary dealer in US Treasury securities.[3]

Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive bailout by the U.S. government.[4] Its largest shareholders include funds from the Middle East and Singapore.[5] On February 27, 2009, Citigroup announced that the United States government would take a 36% equity stake in the company by converting $25 billion in emergency aid into common shares; the stake was reduced to 27% after Citigroup sold $21 billion of common shares and equity in the largest single share sale in US history, surpassing Bank of America's $19 billion share sale one month prior.

Citigroup is one of the Big Four banks in the United States, along with Bank of America, JP Morgan Chase and Wells Fargo


CEO
Vikram Pandit
3
Chairman of the Board
Richard Parsons
2
Vice Chairman of the Board
Lewis Kaden
3
Director
Ernesto Zedillo
3
Director
Judith Rodin
3
Director
Andrew Liveris
Director
Lawrence Ricciardi
7
Director
Robert Ryan
Director
Robert Joss
3
Director
Jerry Grundhofer
6
Director
Robert Rubin
9
Director
Michael O'Neill
Director
Anthony Santoremo
4
Director
Timothy Collins
5
Director
William Thompson
3
Lead Director
Alain Belda
2
Asia Pacific
Shengman Zhang
Consumer Americas & LAmerica
MMM
2
Institutional Clients
Edward Kelly
Citi Holdings
MC
5
EMEA
William Mills
4
Securities & Banking
James Forese
CFO
John Gerspach
Risk Management
BL
Public Affairs
ES
Legal
MH
President & COO
JH
2
North America
Eugene McQuade
Citicorp
HB


The theory is based on the assumption that individuals are motivated by three major needs: achievement, power, and affiliation. The need for achievement is the drive of the individual to excel in his field. It allows him to acquire achievement in relation to a prescribed set of standards. On the other hand, the individual also requires the need to use power in order to accomplish things. Affiliation points to the need to establish relationships with other individual as man are inherently a social being. (Eccles and Wigfield 2002)

Unlike other existing theories of motivation, this theory realizes that there are different levels on which every individual have in their operations. In this context, McClelland understood that motivation is not confined in specific stages though it has these three elements to consider. (Eccles and Wigfield 2002)

In the case above, those that control the social groups appear to have high achievement needs. They are looked up to by their peers; they are respected and could be considered as the main drivers of change in the organization. They may also have high power needs as they understood that how to use power in order to get things done. They know their own strengths and weaknesses and certain about their respective abilities. These individuals also have high affiliation needs because they cannon operate without the help of their peers. Cooperation between the subgroup is preferred as opposed to competition. Hence, the respective subgroup in the organization has their own cultures with regards to their relationship with one another.
 
Last edited by a moderator:

jamescord

MP Guru
Citigroup Inc. (branded Citi) is a major American financial services company based in New York City. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group on April 7, 1998.[2]

Citigroup Inc. has the world's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide. The company employs approximately 260,000 staff around the world, and holds over 200 million customer accounts in more than 140 countries. It is a primary dealer in US Treasury securities.[3]

Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive bailout by the U.S. government.[4] Its largest shareholders include funds from the Middle East and Singapore.[5] On February 27, 2009, Citigroup announced that the United States government would take a 36% equity stake in the company by converting $25 billion in emergency aid into common shares; the stake was reduced to 27% after Citigroup sold $21 billion of common shares and equity in the largest single share sale in US history, surpassing Bank of America's $19 billion share sale one month prior.

Citigroup is one of the Big Four banks in the United States, along with Bank of America, JP Morgan Chase and Wells Fargo


CEO
Vikram Pandit
3
Chairman of the Board
Richard Parsons
2
Vice Chairman of the Board
Lewis Kaden
3
Director
Ernesto Zedillo
3
Director
Judith Rodin
3
Director
Andrew Liveris
Director
Lawrence Ricciardi
7
Director
Robert Ryan
Director
Robert Joss
3
Director
Jerry Grundhofer
6
Director
Robert Rubin
9
Director
Michael O'Neill
Director
Anthony Santoremo
4
Director
Timothy Collins
5
Director
William Thompson
3
Lead Director
Alain Belda
2
Asia Pacific
Shengman Zhang
Consumer Americas & LAmerica
MMM
2
Institutional Clients
Edward Kelly
Citi Holdings
MC
5
EMEA
William Mills
4
Securities & Banking
James Forese
CFO
John Gerspach
Risk Management
BL
Public Affairs
ES
Legal
MH
President & COO
JH
2
North America
Eugene McQuade
Citicorp
HB


The theory is based on the assumption that individuals are motivated by three major needs: achievement, power, and affiliation. The need for achievement is the drive of the individual to excel in his field. It allows him to acquire achievement in relation to a prescribed set of standards. On the other hand, the individual also requires the need to use power in order to accomplish things. Affiliation points to the need to establish relationships with other individual as man are inherently a social being. (Eccles and Wigfield 2002)

Unlike other existing theories of motivation, this theory realizes that there are different levels on which every individual have in their operations. In this context, McClelland understood that motivation is not confined in specific stages though it has these three elements to consider. (Eccles and Wigfield 2002)

In the case above, those that control the social groups appear to have high achievement needs. They are looked up to by their peers; they are respected and could be considered as the main drivers of change in the organization. They may also have high power needs as they understood that how to use power in order to get things done. They know their own strengths and weaknesses and certain about their respective abilities. These individuals also have high affiliation needs because they cannon operate without the help of their peers. Cooperation between the subgroup is preferred as opposed to competition. Hence, the respective subgroup in the organization has their own cultures with regards to their relationship with one another.

Hey buddy,

Please check attachment for Organisational Chart of Citigroup Inc., so please download and check it.
 

Attachments

  • Organisational Chart of Citigroup Inc.docx
    14.5 KB · Views: 4
Top