Citi announces new chair for banking, capital markets and advisory

Citi’s current head of corporate and investment banking, Tony Osmond, has been announced as new chairman, banking, capital markets and advisory (BCMA), for Australia and New Zealand.

Due to that appointment, Citi’s head of corporate finance and advisory for Australia and New Zealand, Alex Cartel, will take on the role of head of BCMA.

“These appointments are reflective of our continuous investment in our institutional business and our clients and will ensure we have the capacity to meet the increasing activity. I know Tony and Alex are both looking forward to their continued partnership leading the Australian and New Zealand BCMA business,” Citi Australia & New Zealand CEO, Marc Luet, said.

“Tony has led the BCMA business since 2012 and has created a positive, partnership-based workplace environment which has led to increased market share and revenues.

“In Australia, Citi is a leader in mergers and acquisitions, equity capital markets debt capital markets and corporate banking and a trusted adviser to many companies, investors and government entities.”

In just the last year, Mr Osmond led the Citi teams through advising the Brookfield-Grok consortium on its proposed $7.5 billion acquisition of AGL, Blackstone on its proposed $9.8 billion acquisition of Crown, AusNet on its $17.5 billion acquisition by the Brookfield consortium, Boral on its response to the $9.2 billion Seven West Media takeover, and Woolworths on the $12 billion demerger of Endeavour Group.

Meanwhile, since joining Citi in 2020, Mr Cartel led the teams advising BHP on several transactions including the $86 billion unification of its dual listing and led the advice to Santos on its $16 billion merger with Oil Search.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.