Why Pandit heads Citi

So why would Citi get this guy to run the bank??

Well, for one Vikram S. Pandit was head of: Co-founder, Chairman of the Alternative Investments Unit, Chief Executive Officer of the Alternative Investments Unit and Head of Institutional Clients Group

Why is that important. Becouse Citi needs new investors to feed its massive need for capital fund raising. Nothing like newly minted overseas billionaires who have an appetite for American Companies who are a phone call away from the CEO's desk. So we shall see, but remember the key executives like Bob Rubin, still hold positions of power....