Citigroup CEO - 'Mike who ?'

Michael Corbat Interview Pic

A low profile is probably a good thing.

Michael L. Corbat, head of one of the biggest banks in the world, recently strolled through Marea, the Central Park South restaurant where Manhattan’s elite go to be seen.

The New York Times reported that no-one in the crowded room even looked up.

A top New York lawyer dining there that evening was asked about Corbat. 'Mike who ?' he said.

Flying under the radar appears to be just fine with Corbat - and with Citigroup, the financial giant he has run since October 2012.

To be a prominent face of Wall Street at a time when banks are feeling the heat from federal authorities on a number of fronts clearly has its drawbacks. Corbat’s counterpart at rival JPMorgan Chase, Jamie Dimon, has been widely viewed as the point man for the bank as it wrestles with investigations by at least seven federal agencies, several state regulators and two foreign nations. And under Mr. Dimon, JPMorgan has in just a few years gone from a Washington favourite to a magnet for government scrutiny.

The low-key approach taken by Citigroup - which faces a number of investigations of its own - has not gone unnoticed inside JPMorgan. Some board members and executives there have recently pointed to Corbat in privately discussing the apparent advantages of a more self-effacing approach in a CEO.

To access the complete New York Times article hit the link below:

Quiet Boss as Citigroup Setting Tone for Wall Street

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