India vs Pak for top job at Citigroup?

Vikram Pandit in line for top job at Citigroup

While India is slogging out against Pakistan in a cricket Test match in Kolkata, another face-off is tipped to be developing here between two bankers with origins in the two countries -- that for the position of CEO at worlds largest bank Citigroup.

The list of contenders for this job include Vikram S Pandit, currently Citigroup's investment banking head and a former Morgan Stanley investment banker, and Shaukat Aziz, formerly the bank's global private banking business head and most recently the prime minister of Pakistan, according to various media reports.

Meanwhile, reports have been surfacing in the US and international media that Aziz, who resigned as Pakistan's Prime Minister last month, could also be a potential candidate and has already sent his feelers to Citigroup board. Queries sent on the candidature of Pandit and Aziz to Citigroup spokesperson Christina Pretto remained unanswered.

The CEO position fell vacant after Charles Prince resigned as Citigroup's Chairman and CEO at an emergency board meet on November 4 on the back of losses worth billions of dollars suffered by Citigroup in the subprime crisis.

After Prince's departure, Citigroup named its Europe Chairman Win Bischoff as an acting CEO and its Executive Committee Chairman and former US Treasury Secretary Robert E Rubin as Chairman on interim basis. Rubin is also part of a search committee for the new Chairman and CEO and this committee has been reviewing candidates from both inside and outside the bank.

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Malaysian PM Hits Back.........!!

New Delhi: In a statement reflective of the growing tension in Malaysia over ethnic clashes, the country’s Prime Minister Abdullah Badawi on Sunday offered to resign if the allegation of ethnic cleansing of Indian Tamils was proved.

Outraged at the allegations levelled against his government by a local Hindu group, Badawi said the statements were aimed at dividing Malaysia.

"I rarely get angry but this time I am very angry and this is something I cannot accept," Abdullah was quoted as saying by the New Straits Times.

He condemned the Hindu Indian Rights Front for trying to lobby Britain for an emergency resolution in the United Nations condemning the incidents in the country.

He said Hindraf was making baseless allegations and wanted the UK to move an emergency UN resolution condemning ethnic cleansing in Malaysia.

“Tell me do you believe there is ethnic cleansing in Malaysia? Is there ethnic cleansing, tell me? If this happened I will resign," the paper quoted him as saying.

He said Malaysians would not believe it and even the Indians who are Hindus did not believe it.

"Ethnic cleansing was perpetrated in Bosnia where the Serbs attacked the Bosnians to chase them out and make them non-existent. It was backed by the state. We do not do this here."

Tension has spiralled in Malaysia since last Sunday when close to 10,000 Tamils protesting alleged discrimination were attacked by the country's police.

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