Citi names M&A specialists to lead
Australia, New Zealand advisory unit
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[April 04, 2022]
(Reuters) - Citigroup Inc on Monday
named Tony Osmond as chair of its Banking, Capital Markets and Advisory
(BCMA) unit in Australia and New Zealand, and Alex Cartel to be the
unit's head, as the U.S. bank focuses on strengthening its institutional
business. |
A Citibank ATM is seen in Los Angeles, California, March 10, 2015.
REUTERS/Lucy Nicholson/ |
The appointments also come as Citi looks to execute a global
overhaul
https://www.reuters.com/business/
finance/citigroup-profit-triples-385-bln-reserve-release-2021-04-15
and exit some overseas businesses.
Osmond has led the BCMA business since 2012 and helmed teams
that advised on multi-billion dollar deals, including PE firm
Blackstone's buyout of Crown Resorts and Woolworths' demerger of
Endeavour Group.
Cartel, a Deutsche Bank veteran who joined Citi in 2020, had
advised iron ore behemoth BHP on the unification of dual
listing, and Santos' merger with Oil Search.
"These appointments are reflective of our continuous investment
in our institutional business... and will ensure we have the
capacity to meet the increasing activity," said Marc Luet, chief
executive officer of Citi Australia and New Zealand.
(Reporting by Navya Mittal; editing by Uttaresh.V)
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