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The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, April 15, 1999 Gabelli and Citigroup People Moves William J. Mulrow, former managing director of corporate finance at Rothschild Inc., joined Gabelli Asset Management Company (GAMCO) as a senior vice president on April 5th. GAMCO is the wholly owned subsidiary of Gabelli Asset Management Inc.(GBL) responsible for managing the investments of institutional and high net-worth individual clients, with assets under management totaling $8 billion at year end 1998. "We are particularly pleased that Bill has elected to join us after his illustrious and successful career in investment banking and public service. He will represent an outstanding addition to our marketing and sales team and will further improve our already successful client servicing capabilities," said, GAMCO chairman Joseph Rindler, Jr. Mulrow will work with Rindler to enhance the firm's asset-gathering efforts, based at GAMCO headquarters in Rye, N.Y. Prior to joining GAMCO, Mulrow spent 17 years as an investment banker specializing in both corporate and public finance. Before joining the Rothschild organization in 1995, he was managing director and head of public finance banking for Donaldson, Lufkin & Jenrette Securities Corp. Mr. Mulrow began his career as executive assistant to the director of the New York State Division of the Budget, a position he held in 1981 and 1982. Citigroup said that William I. Campbell, co-chief executive officer of the Global Consumer Group, has decided to retire later this year. "When I joined Citicorp in 1995, I wanted to help bring the Consumer Group to a new level," Campbell said. "The momentum behind our great progress was accelerated by our October merger with Travelers, which enabled us to establish, in one transaction, greater efficiency, broader product diversification and the ability to cross-market products globally through expanded and varied distribution channels. With clear evidence of the success of our merger and confidence that our long-term franchise goals are well embedded in our businesses, I have concluded that this is an opportune time for me to pursue other interests in my life. I know that Bob Lipp and the rest of our team have the ability to continue to bring the Consumer business to new heights of accomplishment. John S. Reed and Sanford I. Weill, co-chief executive officers of Citigroup, said, "Bill has played an enormous role in the successful integration of our consumer businesses and has helped to lead the Consumer segment to the record results it is achieving. We understand the reasons behind his decision, and are pleased that he has agreed to remain available on a consulting basis to assure a smooth transition and to help the Consumer Business reach its goals for 1999. He takes this step with our respect and best wishes. At the same time, we know that Bob Lipp, who immediately becomes Chairman and Chief Executive Officer of the Global Consumer Group, will provide solid leadership for us." Lipp said, "At the time of the merger that created Citigroup, the tremendous potential we had to establish a new model for serving our customer's financial needs was clear. Bill has been an important part of our efforts both to create this model and to lead it to the financial success it is now achieving. I will miss his day-to-day involvement both personally and professionally." Printed from: MFWire.com/story.asp?s=24770 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |