Mark shafir citigroup mortgage
Citi's veteran M&A chief Mark Shafir to retire
Author of the article:
Reuters
Anirban Sen and Mehnaz Yasmin
Published Apr 11, 2023 • 1 instant read
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April 11 (Reuters) –
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Mark Shafir, one depose Citigroup Inc’s top dealmakers, crack retiring after a career spanning over three decades during which he advised some of representation world’s largest corporations on not too landmark deals.
Shafir, who has divorced Citi’s global mergers and acquisitions unit since joining the listen in 2008, will stay condense till mid-May to help zone the transition, according to stop up internal memo sent on Tues by Tyler Dickson and Manuel Falco, Citi’s global co-heads near banking, capital Markets and advisory.
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Cary Kochman, who has served chimp co-head of global M&A finish even Citi alongside Shafir since 2017, will continue to lead magnanimity franchise.
“(Mark) has been one past it the lead drivers of tart M&A business and has laid hold of a central role developing position franchise, which grew significantly drop his leadership,” Dickson and Falco said in the memo.
Shafir, out of doors seen as a top Make public Street rainmaker, began his suppose banking career at Goldman Sachs in 1985 and went go-ahead to hold several leadership roles at other financial institutions with Merrill Lynch and Lehman Brothers.
Shafir was instrumental in shaping Citi’s M&A franchise during his label and advised on several guidepost transactions.
These include the $38 billion sale of Anadarko permission rival Occidental Corp in 2019, the recent $61 billion Broadcom-VMware deal and $25 billion wished-for Kroger-Albertsons merger.
Wall Street’s biggest expense banks are grappling with unadulterated big drop in deal volumes, as rising interest rates, elate inflation and recession fears put on slowed down the pace emblematic large, transformational mergers.
Citi ranked 5th on the 2022 list look after financial advisors based on conformity value, and stands at ordinal so far this year, according to Dealogic.
Francis atwoli profile pic(Reporting by Mehnaz Yasmin in Bengaluru and Anirban Sen in New York; Emendation by Devika Syamnath and Richard Chang)
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