Citigroup launches new VC and family office team with Tobi Ali at the helm
Citigroup is launching a new team of dealmakers to focus on venture capital firms and family offices, the latest appointment within its European team servicing private equity firms and other alternative asset managers.
Tobi Ali, who joined Citi in 2017 to co-head its loans and leveraged finance team in Europe, the Middle East and Africa, has been named head of VC and family offices for the region, according to an internal memo seen by Financial News.
“The level of activity in the VC arena has increased rapidly in Europe, particularly in the key sectors on which we are focused — energy transition, healthcare, technology and fintech,” the memo from Anthony Diamandakis and John Eydenberg, who co-head Citi’s global asset managers unit, and European head Ignacio Gutiérrez-Orrantia, said.
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Ali has kick-started building out the new team, the memo added, and the bank is currently searching for his replacement as co-head of loans and leveraged finance in Europe.
Citigroup has been expanding its global asset managers team, which is likely to become a new ‘supergroup’ at the US bank servicing a wide-range of clients, executives told previously FN.
In October, the bank hired Luisa Leyenaar-Huntingford from Goldman Sachs as co-global head of infrastructure, covering private equity funds, alongside New York-based co-head Todd Guenther.
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In May, Citi hired Theo Giatrakos as head of its European alternative asset managers group following the departure of Alexis Maskell in March to BC Partners. It has also taken on former Credit Suisse executive Didier Denat as chair of the unit.
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