Citigroup has become the latest bank to combine European corporate equity derivatives and equity-linked capital markets after dropping six places in league table rankings last year.

The bank has transferred Alan Rifkin, a managing director from its US equity capital markets, team to take on a newly-created role to oversee the combination of the two teams. Susan Lewis will continue in her role as head of European equity-linked capital markets and Toby Smith will continue as head of European corporate equity derivatives, both reporting to Rifkin.