William R. Rhodes
Encyclopedia
Citigroup
Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...
and Citibank
Citibank
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...
.
He is also Chairman of the Board of both the Americas Society and its affiliate, the Council of the Americas
Council of the Americas
Council of the Americas is an American business organization whose goal is promoting free trade, democracy and open markets throughout the Americas. This includes Canada, Mexico and the Caribbean, as well as South America. Its members share a common commitment to economic and social development,...
, which were originally founded by David Rockefeller
David Rockefeller
David Rockefeller, Sr. is the current patriarch of the Rockefeller family. He is the youngest and only surviving child of John D. Rockefeller, Jr. and Abby Aldrich Rockefeller, and the only surviving grandchild of oil tycoon John D. Rockefeller, founder of Standard Oil. His five siblings were...
in 1965, and is a board member of the Group of Thirty
Group of Thirty
The Group of Thirty, often abbreviated to G30, is an international body of leading financiers and academics which aims to deepen understanding of economic and financial issues and to examine consequences of decisions made in the public and private sectors related to these issues...
.
Rhodes was educated at Northfield Mount Hermon
Northfield Mount Hermon
Northfield Mount Hermon School, commonly referred to as NMH, is a co-educational independent boarding high school for students in grades 9–12...
, a college preparatory school, and Brown University
Brown University
Brown University is a private, Ivy League university located in Providence, Rhode Island, United States. Founded in 1764 prior to American independence from the British Empire as the College in the English Colony of Rhode Island and Providence Plantations early in the reign of King George III ,...
; he joined Citibank in 1957. As the Senior International Officer for Citigroup
Citigroup
Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...
, Mr. Rhodes has specific responsibilities for client relationships in emerging markets worldwide, relationships with governments and other official institutions and appointments of Citibank's senior country officers outside the U.S.
Mr. Rhodes gained a reputation for international financial diplomacy in the 1980s for his leadership in helping manage the external-debt crisis that involved many developing nations and their creditors worldwide. During that period and in the 1990s he headed the advisory committees of international banks that negotiated debt restructuring
Debt restructuring
Debt restructuring is a process that allows a private or public company – or a sovereign entity – facing cash flow problems and financial distress, to reduce and renegotiate its delinquent debts in order to improve or restore liquidity and rehabilitate so that it can continue its...
agreements for Argentina, Brazil, Mexico, Peru and Uruguay. In 1998, when The Republic of Korea experienced liquidity problems, Mr. Rhodes 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 implementing the maintenance of trade and interbank lines by foreign commercial banks to Brazil.
A native of New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, Mr. Rhodes joined Citibank in 1957 following graduation from Brown
Brown University
Brown University is a private, Ivy League university located in Providence, Rhode Island, United States. Founded in 1764 prior to American independence from the British Empire as the College in the English Colony of Rhode Island and Providence Plantations early in the reign of King George III ,...
. He served in a variety of senior positions in Latin America
Latin America
Latin America is a region of the Americas where Romance languages – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...
and the Caribbean
Caribbean
The Caribbean is a crescent-shaped group of islands more than 2,000 miles long separating the Gulf of Mexico and the Caribbean Sea, to the west and south, from the Atlantic Ocean, to the east and north...
for 20 years prior to returning to New York in 1977 as head of the Latin American corporate business. He was Senior Executive-International before being named a Director and Vice Chairman on July 16, 1991.
Mr. Rhodes is a Director of ConocoPhillips
ConocoPhillips
ConocoPhillips Company is an American multinational energy corporation with its headquarters located in the Energy Corridor district of Houston, Texas in the United States...
; a Director of the Private Export Funding Corporation; Vice Chairman of the Institute of International Finance
Institute of International Finance
The Institute of International Finance, Inc. is the world's only global association of financial institutions. It was created by 38 banks of leading industrialised countries in 1983 in response to the international debt crisis of the early 1980s...
; Chairman of the Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
-U.S. Business Council; Vice Chairman of the Board of the National Committee on U.S.-China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
Relations; a Director of the US-Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
Business Council, and a member of South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
n President Thabo Mbeki
Thabo Mbeki
Thabo Mvuyelwa Mbeki is a South African politician who served two terms as the second post-apartheid President of South Africa from 14 June 1999 to 24 September 2008. He is also the brother of Moeletsi Mbeki...
's International Advisory Board and Colombia
Colombia
Colombia, officially the Republic of Colombia , is a unitary constitutional republic comprising thirty-two departments. The country is located in northwestern South America, bordered to the east by Venezuela and Brazil; to the south by Ecuador and Peru; to the north by the Caribbean Sea; to the...
n President Uribe
Álvaro Uribe
Alvaro Uribe Vélez was the 58th President of Colombia, from 2002 to 2010. In August 2010 he was appointed Vice-chairman of the UN panel investigating the Gaza flotilla raid....
's Advisory Board. Other board memberships include The Africa-America Institute, Foreign Policy Association, and the US-Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
Presidents' Council.
He is also a member of the Council on Foreign Relations
Council on Foreign Relations
The Council on Foreign Relations is an American nonprofit nonpartisan membership organization, publisher, and think tank specializing in U.S. foreign policy and international affairs...
, The Economic Club of New York
The Economic Club of New York
The Economic Club of New York is a non-profit and non-partisan membership organization located in New York City and founded in 1907. Its stated purpose is the promotion of the study and discussion of social, economic, and political questions....
, the Hong Kong / U.S. Business Council and a founding member of the U.S. National Advisory Council to the International Management Center in Budapest
Budapest
Budapest is the capital of Hungary. As the largest city of Hungary, it is the country's principal political, cultural, commercial, industrial, and transportation centre. In 2011, Budapest had 1,733,685 inhabitants, down from its 1989 peak of 2,113,645 due to suburbanization. The Budapest Commuter...
, Hungary
Hungary
Hungary , officially the Republic of Hungary , is a landlocked country in Central Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest and Austria to the west. The...
. Mr. Rhodes is a past Chairman of the U.S. Advisory Committee of the Export-Import Bank of the United States; past Chairman of the U.S. section of the Venezuela
Venezuela
Venezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...
-U.S. Business Council; past President of the Venezuela
Venezuela
Venezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...
-American Chamber of Commerce
Chamber of commerce
A chamber of commerce is a form of business network, e.g., a local organization of businesses whose goal is to further the interests of businesses. Business owners in towns and cities form these local societies to advocate on behalf of the business community...
; and past President of the Bankers Association for Foreign Trade.
He is a Governor and Trustee of New York-Presbyterian Hospital; a member of the Lincoln Center Consolidated Corporate Fund Leadership Committee and a Vice Chairman of the Metropolitan Museum of Art
Metropolitan Museum of Art
The Metropolitan Museum of Art is a renowned art museum in New York City. Its permanent collection contains more than two million works, divided into nineteen curatorial departments. The main building, located on the eastern edge of Central Park along Manhattan's Museum Mile, is one of the...
Business Committee and Chairman's Committee. He is Chairman Emeritus of the Board of Trustees of the Northfield Mount Hermon School and a member of the Board of Overseers of the Watson Institute for International Studies
Watson Institute for International Studies
The Watson Institute for International Studies is a center for the analysis of international issues at Brown University, focusing mainly on global security and political economy and society. Its faculty span a wide range of disciplines, including, anthropology, economics, political science, and...
at Brown
Brown University
Brown University is a private, Ivy League university located in Providence, Rhode Island, United States. Founded in 1764 prior to American independence from the British Empire as the College in the English Colony of Rhode Island and Providence Plantations early in the reign of King George III ,...
. In 2007, Rhodes donated $10 million to Brown for the establishment of the Rhodes Center for International Economics at the Watson Institute.
In 2011 William Rhodes' book, 'Banker to the World: Leadership Lessons From the Front Lines of Global Finance' was published by McGraw-Hill.