The Financial Express
Citigroup Inc. has hired two senior consumer dealmakers from Credit Suisse Group AG to beef up its European investment banking ranks. The US firm appointed Maarten Swart as co-head of consumer and retail in Europe, the Middle East and Africa for its banking, capital markets and advisory group, according to an internal memo seen by Bloomberg News. He will also serve as head of investment banking for the Benelux region.
Citigroup hired Credit Suisse managing director Sophie van Kleef to work on food and beverage deals for the consumer team, according to the memo. Swart and van Kleef will both be based in the Netherlands. Swart has spent his entire 17-year career at Credit Suisse, while van Kleef has been with the Swiss bank for all of her 13 years in the industry.
Citigroup is also appointing Emre Eler, who was most recently co-head of EMEA consumer products investment banking, as co-head of EMEA consumer and retail for the BCMA team. Eler joined Citigroup in 2020 from JPMorgan Chase & Co. Robert Plowman, co-head of EMEA consumer products investment banking at Citigroup, is leaving the firm, people with knowledge of the matter said.
William Mansfield will succeed Swart as Credit Suisse’s head of EMEA consumer and retail, real estate and health care investment banking, according to an internal memo seen by Bloomberg News. Mansfield, who joined Credit Suisse in 1996, will take on the new role in addition to his current position as head of EMEA mergers and acquisitions. Representatives for Citigroup and Credit Suisse confirmed the contents of the memos and declined to comment further.
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