Citigroup to Revamp Investment Banking With New Leaders
- McGuire named vice chairman as Dickson, Falco take new roles
- Chief Financial Officer Gerspach to leave the bank in March
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Citigroup Inc. revamped its investment-banking operation Thursday, two days after announcing that Chief Financial Officer John Gerspach and two other key leaders would depart.
Ray McGuire, global head of corporate and investment banking, will take on a new role as a vice chairman of the New York-based bank, Citigroup said Thursday in an internal memo. Tyler Dickson and Manolo Falco will run a restructured version of the investment-banking operation that combines the corporate and investment bank with the capital-markets origination business, according to the memo.