Mary Kay's note. Citi Reminiscences - 24 May 2026
I am the list administrator (Park Citi List) for a group of Citigroup alumni who were assigned principally to Asia Pacific (including seniors who supervised those areas from New York) during the '60's, 70's, 80's and 90's. Recently, in sorting through my own archives, I came upon a note from Mary Kay Farley enclosing some pics dated 2011 that I hadn't remembered seeing. Mary Kay's note spurred some Citi reminiscences. Here's a copy of my email send to the Park Citi List, in response to discovery of Mary Kay's note and pictures:
Note to Park Citi List, 21 May 2026:
Park Citi List administrator was sorting out some old photos and found this note from Mary Kay Farley. How did I miss it? Anyway, I'm sending copies of the images herewith. Better late than never!
Park Citi List members will remember Mary Kay Farley's active participation in the Park Citi List. She died in 2014, preceding her husband Jim's passing by a year in 2015. Jim and Mary Kay are the parents of Jim Farley, Jr., CEO of Ford Motor Company.
Aside: Inferring from Mary Kay's note, it looks like John Fogarty must have been the photographer. I knew John Fogarty before I joined Citi in 1971. As an LDS missionary in Paris in 1967, I cashed my monthly checks at the FNCB Paris branch on the Champs-Élysées. My dad, Weldon J. Taylor leveraged his friend, Citi SVP Bill Farnsworth's assistance to arrange an interview for me with John Fogarty, Fondee de Pouvoirs, FNCB, Paris before my return from France to Utah in January of 1968. John told me that if I wanted to be an international banker I should get a law degree. After returning to the US, I graduated from BYU in '69 and HBS in '71. I interviewed with companies that had programs requiring immediate assignment outside of the US. Then, First of Chicago (remember Bob Abboud?), Pfizer, and Citi. My first interview at Citi was with John Buss, who was then part of Carleton Stewart's Division Five (Middle East, South Asia, and Africa). I joined Citi in late '71, with immediate assignment to Mike Callen's Executive Training Center in Beirut, Lebanon. Anyway, back to John Fogerty. At a social function in Miami, FL circa 1992 I ran into John Fogarty, who was then Executive Director and COO of the U.S. Tennis Association (USTA). I reminded Fogarty of our encounter in Paris over twenty years prior, when he told me to get a law degree. He was nice enough to say he remembered our encounter.
Note: I spent ten minutes looking for an image of John Fogarty (former Citi and USTA) but couldn't find one. Anyone, send me a picture of John Fogarty to include in the Park Citi List archives.
PS. I have original hard copy of the below photos sent to me by Mary Kay and would be happy to send them to any list member wanting better reproduction than I have done here.
SDT Blog Addendum:
While I was at Citibank from 1972 to 1991, I knew some of these former Citi bigs.
I met Hans Angermueller once in the late '70's, but were he alive, I doubt he would remember me. Angermueller was a Citi Vice Chairman, put in a CEO runoff in the early 80's by CEO Walter Wriston along with John Reed and Tom Theobald. On Wriston's retirement in 1984, Reed got the nod for CEO. Hans died at the age of 90 in 2015.
I knew Charlie Long reasonably well. He was CEO John Reed's consigliere until he was appointed head of Citi's Overseas Consumer Group in 1979. After three years in the Philippines as a three level down report to Charlie, in 1982, I was transferred to Tokyo as Citi's Overseas Consumer Services Group Business manager. At about the same time as my move to Tokyo, Dick Kovacevich replaced Charlie as Citi's Overseas Consumer Services Group Business Manager. I was two down from Dick while in Tokyo, reporting directly to Hong Kong based, and highly effective leader and respected mentor, Ed Harshfield (known affectionately as Ed of Asia). Ed was Citi Consumer Services Group Division Executive for Asia/Pacific/South Asia and Middle East. Charlie Long died peacefully at the age of eighty-three in 2015.
For a period of about six months, in 1991, I was a direct report to Pei Chia while serving as head of Credit Policy for US Consumer Banking Group. During that period, Pei was in charge of two Groups, US Consumer Banking and Overseas Consumer Banking. I left Citi, after twenty years employment, in November of 1991, to become CEO of a publicly traded troubled thrift, American Savings of Florida, based in Miami, FL.
Paul Collins was a key member of CEO John Reed's management team and served in a number of roles. I met Paul a couple of times as a junior officer early in my overseas stint, but he wouldn't remember me from Adam.
Jim Farley was a Vice Chairman of Citibank... a highly regarded Wriston (and later Reed's) senior management team member. I never met Jim. As noted above, his wife, Mary Kay Farley, became a very active participant on the Park Citi List. Jim passed away at the age of eighty-eight in 2015.
Phil Lassiter. Our Citi careers overlapped, but we never met while at Citi. I was mostly overseas on the consumer side of the bank and Phil worked in New York on the investment banking side. Phil joined Citi in 1969 (me 1971) and left Citi in 1991 (me also 1991) when he took a Citi affiliate bond insurance company, Ambac, public. He led Ambac for over a decade during a period of significant growth into asset-backed, structured, and international markets. He retired as Ambac CEO in early 2004. Margaret and I met Phil and Micki after the fact through Mike (former Citi Vice Chairman) and Vickie Callen.
Kathy Wriston is in the image. Walt Wriston died in 2005, six years prior to the Palm Beach Reunion. I met Walt once in the 399 Park Avenue, Citi Headquarters, executive elevator. It was 1974, very early in my career. Walt was as advertised during our short encounter: genial, showing interest in me, and gracious.
Kathy Wriston, who I never met, passed away in 2014, three years after the Palm Beach reunion, from complications of a fall at her Connecticut home. She, along with two or three others I have known, is always top of mind when I consider the risks of falling as I age. See my blog of 04 April 2026 on falling: