Citigroup promoted three events to the offers to steer its funding financial institution in Iberia within the newest shake-up by its new European boss, Nacho Gutierrez.
Pedro López-Quesada has been named Chairman of Banking, Capital Markets and Advisory Companies at Citigroup for Iberia, in accordance with an inner memorandum he learn Monetary information…
Alvaro Revuelta and Jorge Ramos have additionally been named co-heads of BCMA Iberia, the report mentioned.
Lopez-Quesada is a 30-year Citi veteran who was lately Vice Chairman of its Iberian Company and Funding Financial institution, and Ramos is Head of Infrastructure Funding Banking in Europe, the Center East and Africa. Revuelta has additionally spent his total profession at a financial institution and most lately was the pinnacle of Iberian Funding Banking.
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Lately, Iberia has been a supply of expertise for a few of Citi’s most senior funding banking executives, with BCMA’s world co-head Manolo Falco and his new head of Emea, Gutierrez, each slicing their tooth within the area.
Gutierrez was named co-head of European funding banking in Could, changing Philip Drury, who moved to San Francisco to steer the brand new expertise division, and concluded the financial institution was attempting to achieve market share from opponents.
Final week, he appointed new administration for funding financial institution Citi within the UK and Eire: James Fleming and Ian Skarbeck have been appointed to steer the area, whereas Emre Ehler and Robert Plauman spearheaded a brand new push within the shopper and retail market. sectors.
Citigroup is aiming for # 1 on Emea’s funding banking rankings, rating # 3 for a lot of years, as a part of a broader ambition to extend income for its advisory division.
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