A Good Move by Citigroup

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The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA, discusses topics across the investing world.

Citigroup's chairman, Richard Parsons, is stepping down and is being replaced by fellow board member Michael O'Neill -- just the guy Anand hoped Citi would tap. Because of O'Neill's experience turning around Bank of Hawaii and making it into a conservatively run regional banking powerhouse, as well as his experience working through Citi's trouble assets, Anand thinks O'Neill is the perfect choice.

Anand details the opportunities in banking in general and the Bank of Hawaii in particular in this free report: "The Stocks Only the Smartest Investors Are Buying." To get a free copy, just click here.

At the time this article was published Anand Chokkavelu, CFA, owns shares of Citigroup. The Motley Fool owns shares of Citigroup. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

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