William R. Rhodes
|William R. Rhodes|
Rhodes at the World Economic Forum in 2011.
|Born||William Reginald Rhodes
August 15, 1935
New York City, New York, U.S.
|Alma mater||Northfield Mount Hermon School|
William R. "Bill" Rhodes (born August 15, 1935) is an American banker, and philanthropist. He is a former senior international officer and senior vice chairman of Citigroup and Citibank. He served in various senior executive positions at Citi from 1957 until his retirement from Citigroup on April 30, 2010.
- 1 Early life and education
- 2 Career
- 3 Philanthropy
- 4 Honors
- 5 Published Work
- 6 See also
- 7 References
- 8 External links
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, Northfield, MA. After graduating from Northfield Mount Hermon School in 1953, Rhodes enrolled at Brown University where he earned a Bachelor of Arts degree in History, graduating with the class of 1957. Brown University presented Rhodes with an honorary Doctorate of Humane Letters (L.H.D.) on May 29, 2005. 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.
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, 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 a trusted advisor to governments, financial officials and corporations worldwide.
Later Years: 2000 to 2010
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 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, but remains on as a senior advisor for Citi.
Rhodes served as the President of Chipco Inc., President of the Venezuela-American Chamber of Commerce, and President of the Bankers Association for Foreign Trade. He also served as 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 served as 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. He also served as a Director of ConocoPhillips Alaska, Inc.
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 also served as Acting Chairman of the IIF from 1994 until 2010. 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 served as 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 is president and CEO of William R. Rhodes Global Advisors, LLC. In July 2010, he accepted a five-year appointment as professor-at-large at Brown University. He remains senior advisor for Citi, having stepped back from full-time responsibilities after more than 53 years with the institution. He is a retired senior vice chairman and senior international officer of Citigroup and Citibank.
Current Boards and Appointments
- Director, Private Export Funding Corporation (PEFCO)
- Senior Advisor, Oliver Wyman
- Vice Chairman, National Committee on U.S.-China Relations
- Member, Group of Thirty
- Director, Korea Society
- Member, Inter-American Development Bank's Private Sector Advisory Board
- Member, International Policy Committee of the U.S. Chamber of Commerce
- Trustee, Economic Club of New York
- Member, Advisory Council of the Brazilian American Chamber of Commerce
- First Vice Chairman Emeritus, Institute of International Finance
- Chairman Emeritus, Americas Society and Council of the Americas
- Governor and Trustee, The New York Presbyterian Hospital
- Member, Emeriti of the Watson Institute for International Studies, Brown University
- Trustee, Asia Society
- Member, Council on Foreign Relations
- Director, Foreign Policy Association
- Chairman Emeritus, Board of Trustees, Northfield Mount Hermon School
- Vice Chairman, Metropolitan Museum of Art Business Committee and member of the Chairman's Council
- Chairman Emeritus, U.S.-Korea Business Council
- Member, International Advisory Board of the National Bank of Kuwait.
The William R. Rhodes Center for International Economics and Finance at Brown University was established in 2007 with the generous support of William R. Rhodes.
Rhodes is a major donor to the New York Presbyterian Hospital where he serves as Governor and Trustee.
|1993||LatinFinance "Man of the Year" Award||Yearly award given by the magazine|||
|1994||Brazilian American Chamber of Commerce "Person of the Year" Award||Honors two outstanding leaders (one Brazilian and one American) who have been particularly instrumental in forging closer ties between the two nations.|||
|1997||The Americas Foundation "Americas Award"||Presented to an outstanding individual committed to the ideals of reason, understanding, and humanity within the Americas.|||
|1999||Stephen P. Duggan Sr. Award for International Understanding||Institute of International Education (IIE) recognizes outstanding accomplishments in government and education by the award of the Institute’s Stephen P. Duggan Award, the highest honor of the Institute|||
|2000||IFR in London, "Lifetime Achievement" Award||The top accolade for an individual banker and only the second to be conferred by the publication. The award was presented to him by Princess Anne.|||
|2000||Michael Jozeph Pilzudki "Leadership & Achievement" Award|
|2003||Brown University Alumni Association William Rodgers Award||The award recognizes an outstanding alumna or alumnus whose service to society in general is representative of the words of the Brown Charter: living a life “of usefulness and reputation.” It recognizes important contributions to humankind made by Brown alumni anywhere in the world.|||
|2004||Bankers Association for Finance and Trade "Banker of the Year" Award||Annual award given by BAFT which is an association for organizations actively engaged in international transaction banking|
|2005||Honorary Doctorate of Humane Letters (L.H.D.), Brown University||Rhodes received the honorary doctorate degree from his alma mater, where he established the William R. Rhodes Center for International Economics and Finance.|||
|2007||The Banker's "Lifetime Achievement in Banking" Award||The Banker's first-ever Lifetime Achievement Award was presented to Rhodes at a ceremony held in London|||
|2008||LatinFinance "20 Years in Excellence" Award||To commend indivuals who have made meaningful long term contributions to these markets|||
|2009||One To World "World Fulbright Award for Global Corporate Leadership"||Each year, One To World hosts the Fulbright Awards Dinner to honor those who, in the spirit of the late Senator J. William Fulbright, have furthered peace and international understanding through their lives and work.|||
|2011||American Banker "Lifetime Achievement" Award||American Banker‘s Banker of the Year/Best in Banking Awards recognize the people and the companies who set the highest standards of progress, innovation, and performance in banking and financial services.|||
|2012||Boy Scouts of America Franklin D. Roosevelt Award||Annual award|||
|2012||US Sciences Po Foundation Prize||First ever awarded by the foundation to recognize extraordinary individuals who have demonstrated visionary leadership in solving global challenges, in the areas of diversity, social rights, economics and law|||
|2013||Pro Mujer "Lifetime Achievement" Award||Awarded for leadership in global finance|
Rhodes is an Officer and Chevalier of France's Legion of Honor; and has received decorations from Poland, Korea, Brazil, Mexico, Argentina, Venezuela, Colombia, Panama and Jamaica; and multiple awards from not-for-profit organizations such as the Africa-America Institute, the Arab Bankers Association of North America and the America-Israel Friendship League in recognition of his contributions to international banking and finance.
In 2011, McGraw-Hill published his book Banker to the World: Leadership Lessons From the Front Lines of Global Finance. The book is currently in its 2nd edition in English. A separate English edition was published in India and Sub Continent. The book has been translated and published in a number of languages including Mandarin, Korean, Japanese, Portuguese, and most recently Spanish.
Other Published Work
- Latin American debt outlook: remarks by William R. Rhodes (1987)
- Progress in LDC debt: reports by Wiliam R. Rhodes (1985)
- The debt crisis: Phase II (1985)
- A new phase for Latin American debt: remarks by William R. Rhodes (1984)
- International debt update: remarks by William R. Rhodes (1984)
- The outlook for Latin American debt (1983)
- Fiscal considerations for a private college satellite campus: the test of a conceptual framework for decision-making. (1974)
In addition, Rhodes has written numerous op-ed articles for many of the top-tier financial publications, and often appears on business television programs.
- Group of Thirty
- Council of the Americas
- "In Crises, Rhodes Was the Man in the Middle", American Banker, November 30, 2011.
- "William R. Rhodes Announces Retirement from Citi". www.bloomberg.com. Bloomberg. March 31, 2010. Retrieved 20 September 2013.
- "NNDB: William R. Rhodes". Retrieved 27 September 2013.
- "Brown University Will Confer 10 Honorary Degrees on May 29". Retrieved 4 November 2013.
- "Tribute to Bill Rhodes for More than Two Decades of IIF Leadership". http://www.iif.com. October 10, 2010. Retrieved 29 October 2013.
- "William Rhodes appointed University professor-at-large". www.brown.edu. September 8, 2010. Retrieved 20 September 2013.
- "About The Rhodes Center". http://brown.edu/.
- "Rhodes Arts Center". http://www.nmhschool.org//.
- "Man of the Year ceremony: "debt diplomat extraordinaire." (Citicorp Vice Chairman William Rhodes) (Secondary Marketplace)".
- "Person of the Year Award Archives".
- "Stephen P Duggan Award for Mutual Understanding".
- "Citibank/Salomon Smith Barney Named IFR'S 1999 Bank of the Year".
- "The William Rogers Award".
- "The Banker Awards 2007".
- "Staying Power".
- "Take Action Fulbright Awards Dinner".
- "William R. Rhodes Receives American Banker's Liftime Achievement Award".
- "Council of the Americas".
- "William R. Rhodes Receives US Sciences Po Foundation Award".
- Cooper, Richard N. (September/October 2011). "Banker to the World: Leadership Lessons From the Front Lines of Global Finance". Foreign Affairs. Retrieved 26 June 2012.
|Wikiquote has a collection of quotations related to: William R. Rhodes|
|Wikimedia Commons has media related to William Rhodes.|
- Book Review: Banker To the World by William R. Rhodes, Forbes
- A Conspiracy of Hunches, Wall Street Journal, June 8, 2011.
- Wall Street Journal, February 16, 2009.