John E. Havens (born 1956 or 1957) is the former chairman of Citigroup spinoff, Napier Park Global Capital, and is also the former president and

chief operating officer A chief operating officer or chief operations officer, also called a COO, is one of the highest-ranking executive positions in an organization, composing part of the " C-suite". The COO is usually the second-in-command at the firm, especially if ...

of Citigroup.

Career

Havens graduated from

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of high ...

in 1979 and his first job was a trader of convertible securities at

Kidder Peabody Kidder, Peabody & Co. was an American securities firm, established in Massachusetts in 1865. The firm's operations included investment banking, brokerage, and trading. The firm was sold to General Electric in 1986. Following heavy losses, it was ...

. Havens joined

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

in 1986 as a principal in institutional equity, where he progressed, eventually leading to a five year stint as a Managing Director and Global Head of the Institutional Equity Division from September 2000 to March 30, 2005. During his time at Morgan Stanley he struck up a personal and business relationship with

Vikram Pandit Vikram Shankar Pandit (born 14 January 1957) is an Indian-American banker and investor who was the chief executive officer of Citigroup from December 2007 to 16 October 2012 and is the current chairman and chief executive officer of The Oroge ...

where the two rose through the ranks together. He and Pandit left after being passed over by Philip J. Purcell in 2005, and the two formed Old Lane LP which was in turn was bought by Citigroup in 2007 for $800 million. At Citi he was the highest paid official in 2009 and 2010 when he was paid more than $9 million per year at a time when Pandit was making only $1 per year as Citi was dealing with bringing the company out of near collapse and was subsidized by $20 billion in

Troubled Asset Relief Program The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President ...

(TARP) funds. In January 2011, he became president and COO a month after Citi paid back its TARP loans. The position had been vacant since 2007. Prior to his promotion he was CEO of the Institutional Clients Group at Citi. He left Citi, along with CEO Vikram Pandit, on October 16, 2012. In January 2014, Havens was appointed as the non-executive chairman of Napier Park Global Capital, a spin-off firm of Citigroup.

References

google.comgoogle.com {{DEFAULTSORT:Havens, John 1950s births Citigroup people Harvard University alumni Living people American chief operating officers American chief executives of financial services companies