Senior investment bankers Zubaid Ahmad and Brad Coleman will be leading a new group at Citigroup focused on better serving clients that are private equity firms, hedge funds and sovereign wealth funds, according to a memo seen by Reuters on Wednesday.
Reuters reports that the new Global Asset Management Group will help boost the investment banking coverage of these alternative asset managers, which will also include pension funds and some family offices.
A Citi spokesman confirmed the contents of the memo.
Ahmad, vice chairman of Citi's institutional clients group, and Coleman, global head of Citi's alternative assets group, will co-head this new group while maintaining their previous responsibilities.
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