Citigroup Australia has added former Deutsche Bank veteran Alex Cartel to head its investment banking business for Australia and New Zealand, according to market sources.
Cartel will move to Citigroup in July and report to Tony Osmond, Head of Corporate Investment Banking Australia and New Zealand at the bank.
“We are expecting a strong increase in fundraising activity and expect this to grow further to include increased M&A activity in the second half and beyond”, Osmond said in a statement.
Cartel had spent more than 20 years at Deutsche Bank AG Australia, where he was Co-Head of Corporate Finance.
Earlier in his career, he worked as a solicitor at Sydney-based international law firm Allens.
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He also served as the president of the Takeovers Panel in Australia, a peer review body that adjudicates on takeover disputes.
Jahrling and Hamish become Co-Heads of Equity Capital Markets
Citigroup also announced it had appointed Rob Jahrling and Hamish Whitehead from within the company as Co-Heads of its Equity Capital Markets business in Australia.
Jahrling was Head of Equity Syndicate prior to his promotion. Earlier in his career, he was a Vice President, Equity and Convertible Bond Syndicate, Asia, at Deutsche Bank and an Equity Capital Markets and M&A analyst at Credit Suisse.
Whitehead worked as a Managing Director, Capital Markets Organisation, at Citi earlier.
He spent 18 years at Deutsche Bank, where he was a Managing Director, Capital Markets Origination before joining Citi in 2015.