Article & Journal Resources

Tue Dec 11, 2007 3:55pm EST

NEW YORK, Dec 11 (Reuters) - Vikram Pandit, the new chief executive of Citigroup Inc (C.N: Quote, Profile, Research), the largest U.S. financial services company, said on Tuesday he will undertake a review of all of its businesses, with his priorities including enhancing productivity and allocating capital correctly.

Earlier Tuesday, Citigroup named Pandit, head of its institutional clients group, as chief executive, ending weeks of speculation over who would take the helm.

Pandit said on a conference call after his appointment that a top priority was simplifying structure, reallocating resources and capital. (Reporting by Tim McLaughlin and Joseph Giannone; Writing by Megan Davies; Editing by Jeffrey Benkoe)