Citigroup has reorganized its equity solutions team dealing with the Europe, Middle East, and Africa (EMEA), appointing former Bank of America Merrill Lynch (BAML) executive Vincent Folliot as its co-head. Joining him in this role will be Alessandro Amicucci, who will by extension serve as co-head of the unit as well, according to a recent Reuters report.

In their new respective roles at Citigroup, Mr. Folliot and Mr. Amicucci will be based out of Citigroup’s London branch, where they will be reporting to Tim Gately, the lender’s Head of European equities, and Stephen Roti, Global Head of Corporate Equity Derivatives.

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As opposed to other units and desks, such as foreign exchange (FX) and fixed income that have seen an outflow of personnel as of late, particularly in London, equities and debt capital markets (DCM) are two areas that have thrived.

Mr. Folliot joins Citigroup from BAML, having worked at the bank for over six years as its Managing Director, focusing on strategic equity solutions in France, Belgium, Luxembourg, Iberia, and Latin America (LATAM). Prior to this role, he worked at Deutsche Bank holding positions such as Vice President of Corporate Equity Derivatives, among others, part of a tenure with the group dating back to 2003, according to information made public on his Linkedin profile.

For his part, Mr. Amicucci has already been working at Citigroup, having focused on corporate equity derivatives across Southern Europe since 2009. He also has ties to Morgan Stanley, where he worked prior to joining Citigroup nearly seven years ago.