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Citigroup names new leaders of European industrials investment banking

The US bank is looking for closer ties between Asia and Europe.

Citigroup has named new heads of its industrials investment banking team, creating closer ties between its European and Asian business as cross-border M&A deals have surged.

David Biller and Jean-Baptiste Petard have been named as co-heads of industrials for Europe, the Middle East and Africa, according to an internal memo seen by Financial News. They will work alongside Erik Savola in the roles.

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