Lord Coe British Olympic Association chairman

A BOA committee is drawing up a list of candidates to replace Lord Moynihan, who announced last month he would be stepping down after seven years.

Lord Coe, who was recently made the UK's Olympics legacy ambassador, said: "I am happy for my name go to forward."

Lord Coe British Olympic Association chairman

The 55-year-old, a 1500 metres Olympic gold medallist in 1980 and 1984, led London's successful bid for the 2012 Olympics and was subsequently made chairman of Games organiser Locog.

As legacy ambassador, he has been asked to advise Prime Minister David Cameron on how to best secure long-term benefits for the UK following the London Games.

Mr Cameron said Lord Coe had "done a brilliant job delivering the best Games ever", adding: "Now I want him to help me deliver the best Olympic legacy ever."

Citigroup chairman Michael resignation

Everyone from analysts to insiders pointed to the 65-year-old banking veteran as the man behind the move that rattled Wall Street yesterday.

“Recall, in April Michael O’Neill replaced Richard Parsons as chairman of the board. This could have facilitated this move,” Barclays analyst Jason Goldberg said in a research report.

O’Neill’s ties to Citi’s new CEO, Michael Corbat, go back to Corbat’s days as head of Citi Holdings, the “bad bank” division that held the bank’s toxic assets in the aftermath of the financial crisis.

O’Neill had been chair of the Citi Holdings Oversight Committee since joining Citi’s board in 2009.

“They work well together,” sources say about the relationship between Corbat and O’Neill.

The Citi chairman has also made no secret about his desire to get his hands dirty in his new gig — a far different approach from his predecessor Parsons.