- Citigroup announced its 2018 managing-director promotions last Friday.
- The MD distinction, the highest title at the firm, was earned by 125 employees.
- Business Insider got a hold of Citi president Jamie Forese's internal memo announcing the full list of names.
Citigroup is promoting a new class of 125 managing directors — the highest rank at the firm — in its Institutional Clients Group, effective January 1 of next year.
Citi is promoting 40 workers in its banking unit, 55 in its sales and trading unit, and 30 more across other units, including its private bank, according to a memo from Citi president and Institutional Clients Group (ICG) CEO Jamie Forese viewed by Business Insider.
"A promotion to Managing Director is a career-defining accomplishment and each of these individuals makes a remarkable, differentiated contribution to Citi, embodying our Mission of Progress by working each day to Be the Best for Our Clients and embracing our Leadership Standards," Forese wrote in the memo, which was sent out internally last Friday and confirmed this week by a Citi spokeswoman. "I look forward to their continued leadership and contributions in the years ahead."
The 125 promotions in ICG is up from 120 last year.
How does that compare with competitors? Bank of America Merrill Lynch promoted nearly 140 employees to MD in late November. Morgan Stanley promoted 153 employees to MD in January — up from the 140 it promoted in 2017.
At Goldman Sachs, where MD is one rung below the prestigious role of partner and the classes are announced every two years, 509 employees were promoted to MD in 2017 and 69 were promoted to partner in November.
Here are all the names in the 2018 Citigroup managing-director class:
Banking, Capital Markets, and Advisory
- Iman Abdel Khalek
- Ashwani Khubani
- Aaron Saperstein
- Alex Allegos
- Matt Kudla
- Millie Schild
- Jeff Ard
- Muhammad Laghari
- Steven Summers
- Narjess Aschi
- Mark Litz
- Matt Sutton
- Mohammed Baabde
- Kevin Lundquist
- Ali Syed
- Sarah Bayer
- Tim Michael
- JX Toh
- Nicolas Bendersky
- Pedro Palma
- Michael Tortora
- Ben Connolly
- William Pang
- Christopher Tubeileh
- Antonio Coutinho
- Frederico Pinto
- Arvind Vashistha
- Tom Cribb
- Javier Pollan
- Chercher Yang
- Richard Duffield
- Friederike Preuss
- Georgi Yordanov
- Robert Jahrling
- Eric Quanbeck
- Johnny Zhao
- Adi Jayaraman
- Nicolas Roca
- Mourad Jeddi
- Pedro Sanso
Markets and Securities Services
- Fatah Adour
- Ryota Kawai
- Thiago Silva
- Istiaq Ali
- Davy Kim
- Robert Smolen
- Olaf Auerbach
- Agam Kothari
- Robert Stewart
- Juan Bissone
- Mike Leffler
- Krishna Subrahmanian
- Michele Cancelli
- John Loizides
- Chris Suozzo
- Paul Cangro
- Matt Long
- Assad Syed
- Yi Hahn Chin
- Marino Lorza
- Vivian Tang
- Will Cobbett
- Ian Nissen
- Sabes Teofilo-Sanchez
- Nicolas Cons
- DH No
- Bobbie Theivakumaran
- James Conway
- Raul Orozco
- Gunsel Topbas
- Robert Crossley
- Vikram Rai
- Stephanie Van Den Boogaerde
- Julio DaGraca
- Ernesto Revilla
- Pete Verdult
- Tessen Fuerstner
- Sam Rich
- Ziska Wagiu
- Imene Ghanoudi
- Ted Rydesky
- Maggie Wang
- Mark Gleason
- Kevin Sarver
- Allison Weed
- Robert Grundy
- Scott Schundler
- Henry Yeh
- Ulrik Hesselballe
- Alexis Serero
- Judy Zhang
- Prodipto Hui
- Vikas Sharma
- Seok Jeong
- Mark Sherman
Private Bank
- Philip Brass
- James Heddle
- David Rabideau
- Tommy Campbell
- Chuck Leitzell
- Gretta Rusanow
- Sudhir Dhingra
- Jeffrey Locke
- Seamus Yin
- Andrea Galbiati
- Brad Pollard
- Isiah Zhang
- Louise Hartley
- Murali Potluri
Treasury and Trade Solutions
- Gulru Atak
- Ram Jupudi
- Driss Temsamani
- Kunal Bist
- Carlos Madrid
- Kanika Thakur
- Richard Evans
- Asok Patnaik
ICG Operations and Technology
- Nadir Azim
- Nikhil Joshi
- Amit Rijhsinghani
- Alexandra Brykman
- Dina Masterpalo-Harris
- David Griffiths
- Dave Murray
International Franchise Management
- Flavia Mello
- Read more:
- Bank of America Merrill Lynch just promoted nearly 140 employees to managing director — we got a leaked list of all the names
- Citigroup is expecting trading revenues to drop in the fourth quarter thanks to mayhem in the markets — and the firm may miss a key performance goal
- Investment banks are waging a war for star talent in 2018. Here are the banks that won — and the banks that lost.
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