By Ben Dummett 
 

Citigroup Inc. has appointed Ignacio Gutierrez-Orrantia, a company veteran, as its new head overseeing corporate lending, M&A advisory and the bank's business that helps clients raise debt and equity across Europe, the Middle East and Africa, according to an internal memo.

He succeeds Philip Drury, who is moving to San Francisco as global head of technology and communications investment banking at Citigroup.

Mr. Gutierrez-Orrantia's appointment comes as the bank focuses on maintaining a top-three position among investment banks in the EMEA region.

 

Write to Ben Dummett at ben.dummett@wsj.com

 

(END) Dow Jones Newswires

May 17, 2021 07:30 ET (11:30 GMT)

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