C Citigroup Inc

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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