US bank Citi announced today that it is moving a number of its senior investment bankers into client focused roles as part of a reshuffle, according to a Reuters report.
David Head, who has co-headed and held leadership roles at Citi’s financial institutions group (FIG), will become Chairman of FIG globally, focusing on expanding relationships in the sector.
Brad Coleman, who has co-headed global asset managers (GAM) for the last nine years, will become chairman of GAM.
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Christian Anderson, head of the diversified financials speciality finance, and Anthony Diamandakis, who was responsible for financial sponsor coverage for the Europe, Middle East and Africa (EMEA) region, will co-head GAM.
Mark Shafir, head of technology, media and telecoms (TMT) and co-head of global M&A, will give up his TMT management role, while Herb Yeh and Jan Metzger will head the bank’s global investment banking technology franchise.
Media and telecom is to be combined into a single ‘Communications Group’ which would be led globally by Gordon Kroft, Dan Richards and Wilhelm Schultz.
Christina Mohr, who has been in mergers and acquisitions (M&A) at the bank for more than two decades, will become Vice Chairman to further develop ‘C-suite relationships’, referring to a corporation’s most important senior executives.
The changes have been confirmed by the bank and come into effect on Wednesday.