Vikram Pandit, CEO of Citigroup, has appointed one of his closest confidants, John Havens, as the head of the firm's investment-banking division. Havens will continue to lead the alternative-investments division as well. Pandit has been appointing former Morgan Stanley colleagues to Citigroup's upper-management positions since he became CEO late last year. Havens' appointment is likely the last of such moves.

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