William Rhodes

William Rhodes   (financier)
In 2008
Born	William Reginald Rhodes August 15, 1935 New York City, New York, U.S.
Nationality	United States
Alma mater	Northfield Mount Hermon School, Brown University
Member of	Council on Foreign Relations/Members 3, Economic Club of New York, Group of Thirty
53 years with Citibank where he "helped" South Korea, Brazil and others with debt refinancing. Senior Vice Chairman 1999-2010.

William R. "Bill" Rhodes is an American banker. Rhodes is President and CEO of William R. Rhodes Global Advisors, LLC which he founded in 2010. Having stepped back from full time responsibilities with Citi after more that 53 years with the institution. He most recently served as senior advisor, senior vice chairman and senior international officer of Citigroup and Chairman, President & CEO of Citibank, N.A. He held various senior executive positions at Citi from 1957 until his retirement from Citigroup on April 30, 2010. Subsequent to his retirement, he continued to serve as a senior advisor to Citi from 2010 through 2017.

In 1984 Rhodes was named Chairman of Citibank Restructuring Committee where he began to gain a reputation for international financial diplomacy as a result of his leadership in utilizing external-debt crises that involved developing nations and their creditors worldwide to take over their economies and crush any hope of independent development. During that period he headed the advisory committees of international banks that negotiated debt-restructuring agreements for Argentina, Brazil, Iraq, Jamaica, Mexico, Nicaragua, Peru, and Uruguay. He later did the same to Brazil and South Korea.

Early life and education

William Reginald Rhodes was born August 15, 1935 in New York City, New York to parents Edward R. Rhodes and Elsie Rhodes. He attended secondary school at Northfield Mount Hermon School in Northfield, Massachusetts. After graduating from high school in 1953, Rhodes enrolled at Brown University, where he earned a Bachelor of Arts degree in History, graduating with the class of 1957. In 1969 he earned the Executive Award from the Graduate School of Credit and Financial Management at the Amos Tuck School of Business Administration of Dartmouth College.

Career

Citigroup

Early years: 1957 to 1980

Rhodes joined Citibank, N.A. in 1957 and was transferred in 1958 to the Maracaibo, Venezuela office as an Executive Trainee. In 1964, Rhodes was named Assistant Manager for Citibank in Caracas, Venezuela. In 1966 Rhodes became Assistant Manager in Jamaica and then Manager and Country Head for Citibank Jamaica in 1969. Throughout the 1970s, Rhodes continued to rise quickly within the Citi ranks being named Resident Vice President and Area Head for the Eastern Caribbean region in 1970, and then in 1971 he became Resident Vice President and subsequently Vice President for Venezuela and the Netherlands Antilles. In 1976 he was named Senior Vice President in charge of banking operations for Citi for the entire Caribbean and Northern South American regions. In 1977 Rhodes was named Senior Vice President of Latin America and the Caribbean based in the New York Office, and then became Senior Corporate Officer and a member of the banks policy committee for Latin America and Africa in 1980.

International debt crisis: 1984 to 2000

In 1984 Rhodes was named Chairman of Citibank Restructuring Committee where he began to gain a reputation for international financial diplomacy as a result of his leadership in helping manage the external-debt crises that involved developing nations and their creditors worldwide. During that period he headed the advisory committees of international banks that negotiated debt-restructuring agreements for Argentina, Brazil, Iraq, Jamaica, Mexico, Nicaragua, Peru, and Uruguay.

In 1991 Rhodes was appointed Vice Chairman and Senior Risk Officer for Citicorp and Citibank, and held that position until the end of 2000.

In 1998, when the Republic of Korea experienced liquidity problems, he chaired the international bank group that negotiated the extension of short-term debt of the Korean banking system. In early 1999, at the request of the government of Brazil, he acted as worldwide coordinator to help implement the maintenance of trade and interbank lines by foreign commercial banks to Brazil. He has since served as an advisor to governments, financial officials and corporations worldwide.

Later years: 2000 to 2017

In May 1999, Rhodes was appointed as Senior Vice Chairman of Citigroup, Inc., a position that he held until his retirement in 2010. In March 2003, he became Chairman and later added responsibility and title of President of Citicorp, and Citibank, N.A., positions that he held until 2009. Mr. Rhodes announced his formal retirement from Citigroup on April 30, 2010 after more than 53 years.

Post his retirement in 2010, Rhodes continued to serve as senior advisor to Citi from 2010 through 2017.

Other positions

Rhodes served as the President of Chipco Inc. (part of the New York Clearing House), President of the Venezuela-American Chamber of Commerce, and President of the Bankers Association for Foreign Trade. He was also the Chairman of the U.S. Advisory Committee of the Export-Import Bank of the United States, and of the U.S. Section of the Venezuela-U.S. Business Council. He was a Director of Conoco Inc. from October 1998 to 2002, and then served as a Director of ConocoPhillips from August 2002 to May 5, 2008.

Rhodes served on the board of the Institute of International Finance Inc. (IIF) from 1989 until 2010. In 1993 Rhodes was elected Vice Chairman of the IIF and served in that position until being named First Vice Chairman, a position held from 2003 until 2010. He was also Acting Chairman of the IIF on various occasions. In October 2010, he announced his retirement from the IIF board and was elected as its First Vice Chairman Emeritus, a position that he currently holds.

Rhodes served as the Chairman of the U.S.-Korea Business Council, and still serves as the Chairman Emeritus. He was Chairman of Americas Society and Council of the Americas, and still serves as a director and Chairman Emeritus.

Rhodes served as Chairman of the New York Blood Center during 1998 and 1999.

Rhodes was appointed Professor at Large for Brown University from 2010 through 2015.

Post-Citigroup

Rhodes established and is currently president and CEO of William R. Rhodes Global Advisors, LLC.

Current boards and appointments

• Director, Private Export Funding Corporation (PEFCO)
• Vice Chairman, National Committee on U.S.-China Relations
• Member, Group of Thirty
• Director,Korea Society
• Current member of the Economic Club of New York and former member of the Board of Trustees
• Member, Advisory Council of the Brazilian American Chamber of Commerce
• First Vice Chairman Emeritus, Institute of International Finance
• Chairman Emeritus and Member, Board of Directors, Americas Society and Council of the Americas
• Life Trustee, The New York Presbyterian Hospital
• Member, Emeriti of the Watson Institute for International Studies, Brown University
• Member, Council on Foreign Relations
• Director,Foreign Policy Association
• Chairman Emeritus, Board of Trustees, Northfield Mount Hermon School
• Member of the Chairman's Council and a Vice Chairman, Metropolitan Museum of Art Business Committee
• Chairman Emeritus, U.S.-Korea Business Council
• Member, Board of Directors of The Volcker Alliance
• Member, European-American Chamber of Commerce New York
• Member, Chairman's Advisory Council and Senior Fellow, The Hudson Institute

The William R. Rhodes Center for International Economics and Finance at Brown University was established in 2007 with the money from William R. Rhodes.

 

Events Participated in

Event	Start	End	Location(s)	Description
Bilderberg/1998	14 May 1998	17 May 1998	Scotland Turnberry	The 46th Bilderberg meeting, held in Scotland, chaired by Peter Carrington
WEF/Annual Meeting/2004	21 January 2004	25 January 2004	World Economic Forum Switzerland	2068 billionaires, CEOs and their politicians and "civil society" leaders met under the slogan Partnering for Prosperity and Security. "We have the people who matter," said World Economic Forum Co-Chief Executive Officer José María Figueres.
WEF/Annual Meeting/2009	23 January 2009	27 January 2009	World Economic Forum Switzerland	Chairman Klaus Schwab outlined five objectives driving the Forum’s efforts to shape the global agenda, including letting the banks that caused the 2008 economic crisis keep writing the rules, the climate change agenda, over-national government structures, taking control over businesses with the stakeholder agenda, and a "new charter for the global economic order".
WEF/Annual Meeting/2011	26 January 2011	30 January 2011	World Economic Forum Switzerland	2229 guests in Davos, with the theme: "Shared Norms for the New Reality".

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References

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