Citigroup has welcomed Toby Ali aboard as its new Co-Head of Leveraged Finance in Europe, the Middle East, and Africa (EMEA), according to a Reuters report.
Before joining Citigroup, Ali held an identical role at Bank of America Merrill Lynch. Prior to this, Ali worked at Credit Suisse. In his new role, Ali will work side by side with Simon Francis, the other co-head of the division, who came to Citigroup himself from Credit Suisse. Both men will be reporting to Philip Drury, Head of Capital Markets Origination for EMEA, based on the memo sent to the company staff members on Monday.
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Citigroup has voiced its intention to establish an EMEA debt financing steering committee, which will include senior staff members who are in charge of loans and leverage finance. Toby Ali has already been chosen to act as the future chairman of this board.
Recently, Citigroup hired Carmen Haddad as the Head of Citigroup Saudi Arabia. This senior role was portrayed as a stepping stone to her future role as the CEO of Citigroup Saudi Arabia. That will become a possibility once the branch receives a banking license from the domestic regulatory authorities.
Additionally, Citigroup has hired two former UBS bankers Jiang Guorong and Alison Harding-Jones. Jiang joined as Chairman and Head of China Corporate and Investment Banking, while Harding-Jones will act as the Head of EMEA, M&A, and Vice-Chairman of the EMEA Corporate and Investment Banking.