Froman to Shed Citigroup Investments Upon Potential USTR Confirmation
U.S. Trade Representative nominee Michael Froman will shed his investments in various Citigroup funds within 90 days of his potential confirmation as USTR. Froman reported his investments, assets and which ones he intended to divest in May 6 submissions to…
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the Office of Government Ethics. Froman said he will divest his interests in Citigroup Capital Partners I LP -- which he listed as between $1,001-$15,000 -- and Citigroup Employee Fund of Funds LP, which are between $50,001 and $100,000. Froman will also get rid of his interests in Citigroup Capital Partners II and CVC International Growth Partnership (Employee) II LP, each one estimated at between $500,001 and $1 million. Froman worked at Citigroup from 1999 to 2009 (see 13050221 for more on his background).