Citi has made two key hires this week as Peter Orszag joins as vice chairman of global banking and Benjamin Poor becomes manager of market intelligence for securities and fund services (SFS).
The New York-based bank said that Orszag, who was previously worked under President Barack Obama as director of the Office of Management and Budget (OMB), has expertise in economic policy that Citi claims will be an asset to its global investment banking business.
Prior to his role at the OMB, Orszag held several government roles such as director of the Congressional Budget Office where he led the focus on health care and climate change. During the Clinton years he was also a special assistant to the president for economic policy and before that was part of the Council of Economic Advisors. Orszag is currently a visiting fellow at the Council on Foreign Relations, and will be a member of the Senior Strategic Advisory Group.
Poor, meanwhile, who has joined from Cerulli Associates, will be in charge of collecting market intelligence and discovering emerging trends to provide thought leadership to clients. He will be reporting to Boaz Lahovitsky, head of SFS strategy and business management.
Poor has served as director of institutional asset management at Cerulli for six years, where he has researched trends in product development and distribution.