Citi Moves Senior Investment Bankers into Client-Focused Roles

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.

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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.

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.