(Bloomberg) — Anthony Diamandakis, global head of Citigroup Inc.’s global asset-managers team, is leaving to pursue another opportunity, according to a person familiar with the matter.
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Diamandakis, 50, led the team at Citi that advises alternative-asset firms.
“Citi remains laser-focused on strengthening our strategic engagement with sponsors and capitalizing on the sizable opportunity that exists to grow wallet share with this important client segment,” investment-banking head Jens Welter and Ashu Khullar, who co-heads Diamandakis’ former group, said in an internal memo seen by Bloomberg News.
Michael Marcus and Michael Quadrino will partner with Khullar to run the bank’s GAM franchise in North America, according to the memo. Todd Guenther will continue to lead infrastructure for North America and Latin America, while maintaining his role as head of power, utilities and renewables. Marcus, Quadrino and Guenther will report to Welter and Khullar.
Citi advised Apollo Global Management Inc. on its agreement to purchase Bridge Investment Group and advised Sycamore Partners on its agreement to buy Walgreens Boots Alliance, according to Diamandakis’ LinkedIn profile.
Before joining Citi in 2014, Diamandakis worked at Credit Suisse and its predecessor, Donaldson, Lufkin & Jenrette, for about 17 years.
Diamandakis’ departure was previously reported by Financial News.
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