Citi Raids UBS for New M&A Head for EMEA
June 21 2017 - 03:52PM
Dow Jones News
By Ben Dummett
Citigroup Inc. has hired a senior investment banker from UBS
Group AG to head up mergers and acquisitions for the U.S. bank's
Europe, Middle East and Africa operations.
Alison Harding-Jones will focus on growing Citi's market share
across EMEA countries and sectors, the bank said in a release. The
47-year-old investment banker was most recently head of Asia
Pacific M&A at Switzerland-based UBS.
Currently based in Hong Kong, Ms. Harding-Jones will move to
London to take up her new role in October. Ms. Harding-Jones has
also been appointed vice chairman of EMEA corporate and investment
banking, Citi said.
Citi has performed strongly so far this year advising on M&A
deals in the EMEA region. The bank is ranked atop the M&A
league table for EMEA working on transactions worth a total of
almost $191 billion, according to Dealogic. Bank of America Merrill
Lynch ranks second, followed by Goldman Sachs Group Inc.
Some of the bigger European deals Citi has advised on this year
include the $14 billion trans-Atlantic merger pact in May between
chemical producers Huntsman Corp. and Switzerland's Clariant AG,
and the EUR16.3 billion ($18.2 billion) bid by Italy's Atlantia SpA
that same month for Abertis Infraestructuras SA, a rival toll-road
operator based in Spain.
Ms. Harding-Jones replaces Wilhelm Schulz, who had been head of
EMEA M&A. Mr. Schulz, who is based in London, in January became
chairman of EMEA M&A and one of three co-heads of Citi's new
global communications group, which resulted from the combination of
its global media and telecom investment-banking divisions.
Write to Ben Dummett at ben.dummett@wsj.com
(END) Dow Jones Newswires
June 21, 2017 15:37 ET (19:37 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Citigroup (NYSE:C)
Historical Stock Chart
From Feb 2024 to Mar 2024
Citigroup (NYSE:C)
Historical Stock Chart
From Mar 2023 to Mar 2024