Citi Deal Maker Leaving Bank
February 21 2018 - 6:32PM
Dow Jones News
By Liz Hoffman and Dana Mattioli
Peter Tague, Citigroup Inc.'s co-head of mergers and one of the
most senior deal makers on Wall Street, is leaving the firm,
according to people familiar with the matter.
Since taking on the role in 2012, Mr. Tague has helped push Citi
higher in the adviser rankings, from seventh in 2013 to fourth last
year, according to Dealogic. The division's 2017 revenue of $311
million was its second-highest ever.
The business will continue to be run by Mr. Tague's co-heads,
Mark Shafir and Cary Kochman.
It wasn't immediately clear what the 51-year-old executive's
next steps are. Many top investment bankers have joined boutique
firms or gone to run internal deal teams for companies. Other
bankers have received executive roles at companies or joined
private-equity or venture-capital firms.
Once an aimless college student -- he dropped out for a year and
moved to London, tending bar and working as a clerk at a British
bank -- Mr. Tague joined Chase Manhattan in 1988. He has been with
Citi or a predecessor since 1994 and spent much of his early career
in London looking after the international M&A business. In
2007, he moved to New York to run a group of bankers who advise
energy, power and chemicals companies.
He advised on Intel Corp.'s $15 billion takeover of Mobileye NV
last year, the sale of Vivendi Universal's media assets to NBC, and
Aetna Inc.'s attempted takeover of Humana Inc.
Write to Liz Hoffman at liz.hoffman@wsj.com and Dana Mattioli at
dana.mattioli@wsj.com
(END) Dow Jones Newswires
February 21, 2018 18:17 ET (23:17 GMT)
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