Finance

Citigroup hires Lamb from Barclays for senior financial institutions role

Citigroup has hired a Barclays veteran in a bid to grab a larger share of deals in the insurance sector, the latest senior dealmaker hire at the US investment bank.

Mike Lamb, who was formerly co-head of the financial institutions group at Barclays for Europe, the Middle East and Africa, has joined Citigroup as chairman of global insurance within its FIG team, according to a memo seen by Financial News.

Lamb joined Barclays in 2013 from Deutsche Bank, where he worked for seven years. He has held numerous senior roles at the UK lender including chairman of FIG for Emea and Asia-Pacific and global c0-head of its insurance coverage.

“Insurance presents a large and growing wallet opportunity for FIG. Mike brings a wealth of client and transaction experience with a proven track record across the sector, especially in the United Kingdom, and will help drive the franchise towards a market leadership position,” the memo from Citi’s co-heads of FIG Christian Anderson and Stefan Wintels.

READ Citigroup targets Wall Street rivals for top spots in investment banking expansion

It is also the latest senior hire at Citigroup, which is bolstering its team in Europe in a bid for number one spot in the investment banking league tables in the region, its co-head of banking, capital markets and advisory, Manolo Falco, told FN in June.

Christian Montaudo is joining as its new investment banking head for Italy from UBS, a 5 July memo said. Both will join the bank in October. Citigroup has also hired James Ibbotson, a senior Deutsche Bank real estate dealmaker.

READ Citigroup names new leaders for UK investment bank in latest shake-up

James Fleming and Jan Skarbek were promoted to co-heads of banking, capital markets and advisory for UK and Ireland on 28 June, as part of a broader shake-up under new Emea investment banking boss Nacho Gutiérrez. The bank also promoted Alvaro Revuelta and Jorge Ramos to co-heads of Iberian BCMA, FN reported.

To contact the author of this story with feedback or news, email Paul Clarke

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