Citigroup has made its second round of leadership changes at its investment bank in Spain and Portugal in a little over a week.
The US bank has named Alvaro Revuelta and Jorge Ramos as co-heads of its traditional investment banking businesses for the Iberia region, according to an internal memo seen by Financial News.
Revuelta has worked at Citi since 2004 and has most recently been responsible for originating deals in Spain, with a focus on telecoms media and technology, industrials, financial sponsors and transportation sectors. Ramos is a 20-year veteran of the bank, who since 2014 has led its infrastructure teams in Europe, the Middle East and Africa.
Citi ranked third for Iberian investment banking revenues in 2019, behind Santander (1st) and JPMorgan (2nd), with $90m, according to the data provider Dealogic.
The promotions of Reveulta and Ramos follow the appointment earlier this month of Miguel Gabian to lead Citi’s markets and securities services division, which includes its sales and trading teams, in Spain and Portugal. Gabian’s appointment was reported by GlobalCapital.
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