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Citi has appointed Roberto Costa and Federico Monguzzi as co-heads of its investment banking division in Italy. Costa, who currently heads Luxury Investment Banking at Citi, will expand his responsibilities to cover the overall investment banking business in the country. With 25 years of experience advising luxury and lifestyle sector clients, he joined Citi in 2017 from Mediobanca. Monguzzi, Head of Real Estate Investment Banking for the UK, Europe, and the Middle East, will now take on an additional role in Italy. He joined Citi in 2014 from Credit Suisse. Both will report to Patrick Frowein, Head of Europe Investment Banking at Citi.
Citi has announced that Roberto Costa and Federico Monguzzi will jointly lead its investment banking division in Italy. The decision reflects the bank's ongoing efforts to strengthen its senior management structure and expand its advisory coverage across key European markets. Advertisement
Costa, who currently serves as Head of Luxury Investment Banking at Citi, will broaden his responsibilities to include overseeing the overall investment banking business in Italy. He brings more than two decades of experience advising on transactions in the luxury and lifestyle sectors. Costa joined Citi in 2017 after holding senior positions at Mediobanca, where he worked on several high-profile deals in the consumer and retail segments.
Monguzzi, who leads Citi's Real Estate Investment Banking division across the UK, Europe, and the Middle East, will now share leadership of the Italian investment banking unit. Since joining Citi in 2014 from Credit Suisse, he has played a key role in advising major property developers and institutional investors across multiple regions. His experience in real estate and cross-border transactions is expected to support Citi's growing client base in Italy.
Both Costa and Monguzzi will report to Patrick Frowein, Citi's Head of Europe Investment Banking. Their appointments form part of a broader restructuring aimed at enhancing collaboration between regional teams and strengthening the bank's market position in Europe.
In recent months, Citi has taken several steps to reinforce its investment banking operations across the continent. The firm has been reorganising leadership roles, focusing on high-growth markets such as Italy, Spain, and the Nordics. These changes follow a wider push under the leadership of Vis Raghavan, Head of Banking and International at Citi, who has been working to streamline operations and improve coordination among country-level teams.
With this leadership adjustment, Citi aims to increase its share of advisory mandates and improve client coverage in Italy, one of its priority markets in Europe. The move also reflects the bank's confidence in Italy's dealmaking potential, particularly in sectors such as luxury, infrastructure, and real estate, where both executives have strong expertise.
Source Reuters
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