Jamie Forese, the head of Citi’s sprawling institutional clients group, this week elevated two of his key lieutenants to co-head a newly formed banking, capital markets and advisory (BCMA) division.
The move, in which capital markets origination (CMO) head Tyler Dickson joins EMEA CIB head Manolo Falco at the top of the new unit, also sees global CIB head Ray McGuire shift to be chairman of BCMA, focusing on senior client relationships.
In the pantheon of divisional reorganizations at banks, Citi’s latest change fits into the category of the entirely logical rather than the downright odd.
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