Citi names new co-heads of EMEA consumer products investment banking - memo
Reuters
Published Jun 25, 2021 11:23AM ET
By Pamela Barbaglia
LONDON (Reuters) - Citigroup (NYSE:C) has named new co-heads of its consumer products investment banking business for Europe, the Middle East and Africa as part of a push to reinforce its presence in key industries, according to a memo seen by Reuters.
Emre Eler and Robert Plowman will share responsibilities for the consumer business in EMEA which has been identified as a core area for growth as companies across the world adjust to changing consumer habits.
"The consumer products sector is undergoing a fundamental transformation, driven by both digitisation and sustainability," said Nacho Orrantia-Gutierrez, Citi's new head of EMEA banking, capital markets and advisory.
"These megatrends are expected to underpin significant business activity in the coming years as our clients adapt to meet consumer demands for a more sustainable, accessible and healthy lifestyle," he added.
The Wall Street bank has also elevated Italian banker Roberto Costa - who recently advised on LVMH's acquisition of Tiffany and Moncler's purchase of Stone Island - to head its luxury investment banking business globally. He will report to both Orrantia-Gutierrez, who took over in May, and the bank's global consumer and retail head Clay Hale.
The latest appointments follow Citi's decision to launch a new franchise in New York focusing on global healthcare, consumer and wellness to better coordinate its existing operations and respond to a growing convergence among fast-changing sectors.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.