John Reed may be best remembered for joining Citicorp with the Travelers Group to create America's largest financial services organization, but his legacy lies with a drive for international expansion that brought Citi to the brink of disaster even as it established the firm as a global power.
Mr. Reed, who announced Monday that he will retire in April as chairman and co-chief executive officer of Citigroup Inc., is credited with overseeing the company's international growth, particularly in consumer banking. It now does business in 100 countries and has retail capabilities in 70.
"Citibank was an international organization long before Reed's time, but the …
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