The Citigroup Private Bank has partnered with the London School of Economics and Political Science (LSE) to provide ongoing executive education to its private bankers and senior staff from across the world. This is part of a major staff development and reward programme the company has instituted globally. Believed to be the first of its kind in the wealth management industry, the programme, which will run for two separate weeks in September, is entitled Global Trends, Local Impacts and has as its key themes strategy, leadership and innovation. The second of the two courses started this week (Monday 27 September).
100 Citigroup Private Bank executives will be taught by LSE and select external faculty from Duke Corporation Education, LSE's customized education partner. Lectures will be given by, amongst others, Howard Davies, on the future of banking, Lord Desai, on globalisation, Gorden Hewitt on strategic frameworks, and Professor Danny Quah, on the weightless economy.
The programme will consist of lectures, workshops, group work and presentations, drawing on the LSE's expertise in the kinds of contemporary global and regional issues which face private bankers on a regular basis. A special panel of experts has also been assembled to provide an interactive session addressing industry and wealth trends in local economies including India, China, Europe and the US.
Peter K Scaturro, CEO of the Citigroup Private Bank, said: 'We believe this is the first time that this kind of customized programme has been instituted by anyone in the wealth management industry and is part of our ethos as a modern private bank. This programme will help us achieve two aims - to reward those of our senior staff who contribute in a meaningful way to our business objectives and at the same time to provide them with new knowledge and ideas to help them achieve future career goals within the private bank.'
John Leto, chief administrative officer of the Citigroup Private Bank, said: 'In planning this programme, we saw LSE as the ideal partner in London to provide the type of global business and public affairs content for which we were looking. I look forward to a successful partnership with LSE.'
Howard Davies, director of LSE, said: 'This is an innovative programme which is designed to challenge, educate, motivate and develop. It's the first time LSE has offered executive education to such a large group of staff from one global organisation, and we're looking forward to building a strong relationship with Citigroup.'
For further information, please contact either:
Jeremy Apfel, head of corporate communications, Europe, The Citigroup Private Bank, tel: 020 7500 1757
Denise Annett, head of public relations, LSE, tel: 020 7955 7053
Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in approximately 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at www.citigroup.com
LSE is one of the most international universities in the world. Staff advise governments, serve on Royal Commissions, public bodies and government inquiries, and are seconded to national and international organisations. LSE Executive Education offers programmes designed to address current issues facing executives, and (through) tailor-made solutions, which are specifically customised for a client. It offers a range of delivery options and works with an international network of partners to complement and enhance the range of expertise. More information at www.lse.ac.uk
Financial Times (4 October 2004)
Rewarding the best talent with more learning
Enterprise LSE, the wholly-owned executive education subsidiary of LSE, has completed its largest customised executive education programme to date - for 100 Citigroup Private Bank executives. In the past Enterprise LSE has done some consulting for smaller private banks, but never on such a large scale for one global organisation.
28 September 2004