**Citigroup Restructures EMEA Debt Capital Markets Team with New Leadership**
Citigroup Inc. is undergoing a significant transformation within its Debt Capital Markets (DCM) team for the UK, Europe, Middle East, and Africa (EMEA) region. The bank has appointed Rob Cascarino, a former banker at JPMorgan Chase & Co., to enhance its DCM operations. Cascarino will be stationed in London and will co-lead the DCM for the UK and EMEA alongside Uday Malhotra, who previously managed the region’s Loans and Leveraged Finance teams. Both leaders will report to Richard Zogheb, the head of DCM, as outlined in an internal memo.
At JPMorgan, Cascarino held various senior positions, including leading a global team dedicated to fund- and asset-level financing and risk management solutions. He also served as the Chief Operating Officer for EMEA leveraged finance. Following this restructuring, Paul Gibbs, the former head of EMEA DCM, will transition to a new role overseeing Citigroup’s global infrastructure, transportation, and private finance sectors. Business heads David Dubin, Thomas Bliemel, and Miguel Picache will report directly to Gibbs.
William Weaver will maintain his position as Vice Chair of International DCM, focusing on advising corporate clients across the UK and EMEA, as well as Sovereign, Supranational, and Agency clients worldwide, also reporting to Zogheb. This strategic hiring of Cascarino is part of a broader initiative to strengthen Citigroup’s presence in the global investment banking sector, particularly following Vis Raghavan’s appointment as Head of Banking in 2024.
As Citigroup continues to reshape its leadership and enhance its service offerings, the bank aims to capture a larger share of the global investment banking fee market.
**FAQ**
*What recent changes has Citigroup made to its DCM team?*
Citigroup has restructured its EMEA DCM team by hiring Rob Cascarino as co-head, alongside Uday Malhotra, to strengthen its operations in the region.
