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Investing.com -- Citigroup Inc (NYSE:C) is reorganizing its debt capital markets team covering the UK, Europe, Middle East and Africa, bringing in Rob Cascarino from JPMorgan Chase & Co (NYSE:JPM) as part of the restructuring, Bloomberg reports.
Cascarino will be based in London and will serve as co-head of DCM for the UK and EMEA alongside Uday Malhotra, who previously led the region’s Loans and Leveraged Finance teams. Both executives will report to Richard Zogheb, who heads the debt capital markets division, according to an internal memo seen and reported on by Bloomberg News.
At JPMorgan, Cascarino led a global team that focused on fund- and asset-level financings and risk management solutions. He also served as Chief Operating Officer for EMEA leveraged finance.
As part of the reorganization, Paul Gibbs, who previously served as head of EMEA DCM at Citigroup , will move to a new position overseeing the bank’s global infrastructure, transportation and private finance businesses. Business heads David Dubin, Thomas Bliemel and Miguel Picache will now report directly to Gibbs.
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