RSSGrundhofer resignation from Citigroup: Where there was smoke there was no fire!
Michael Haltman | June 28, 2011
Jerry Grundhofer resigns from Citigroup!
Jerry Grundhofer, a Citibank director and the head of risk management abruptly resigned with the accompanying press release providing the vague, yet commonly used, reason of a desire to pursue other interests.
It turns out that indeed Mr. Grundhofer had significant opportunities as he was announced as the non-executive Chaiman of the Board of Santander Holdings USA.
As a former trader these types of resignations were often the harbinger of greater issues to come, but in this case Jerry Grundhofer merely moved on to greener pastures.
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