Citi has made three key senior executive appointments in its Alternative Investments and Markets & Banking units, both part of Citi’s Institutional Clients Group, that will help advance the company’s growth opportunities in alternative investments, Latin America banking, and the US cash equities business.
The company named Edward “Ned” Kelly president of Citi Alternative Investments (CAI), reporting to John Havens,CEO, CAI. Kelly will chair the CAI management committee and assume responsibility for the business and many of its investment centers. Kelly will help drive the growth of CAI, a leading alternative investments platform with more than $59 billion of assets under management.
Jaime E. Yordan joins Citi Markets and Banking as vice chairman, Global Banking, Latin America. Yordan will report to Manuel Medina Mora, chairman and CEO of Citi Latin America and Mexico, and to Raymond J. McGuire and Alberto Verme, co-heads of Global Investment Banking. Yordan will join Citi’s efforts to build on its successful global banking business in Latin America through senior coverage of key clients in the region, as well as capitalizing on significant opportunities in banking, fixed income, and equity markets.
Armando Diaz joins Citi’s Global Equities business as head of US Institutional Cash Trading, reporting to Kevin Russell, head of Americas Equities Trading. Diaz brings extensive trading experience and customer relationships to Citi’s cash trading business. He joins Citi after spending 19 years at Goldman Sachs & Co., most recently as the partner managing single stock cash and derivative trading.
“We are delighted to welcome these three well-respected, seasoned, and talented professionals to Citi. Each will play a key role as we continue to move ahead in areas with significant growth opportunities for the company,” says Vikram Pandit, CEO, Citi.