Citi appoints new chair and head of banking

Tony Osmond who has been head of Citi’s local banking and capital markets advisory unit for the past decade, will take on a new role as chair, focusing on providing advice to Citi’s clients on complex transactions and supporting the BCMA (banking, capital markets and advisory) leadership team in Australia and New Zealand.

As a result of the move, Alex Cartel will assume the role of head of BCMA, previously head of corporate finance and advisory.

Commenting on the appointments, Citi Australia and New Zealand chief executive, Marc Luet, said the move comes as part of the company’s continuous investment in its institutional business and our clients.

“I know Tony and Alex are both looking forward to their continued partnership leading the Australian and New Zealand BCMA business,” Mr Luet said.

“Tony has led the BCMA business since 2012 and has created a positive, partnership-based workplace environment which has led to increased market share and revenues.

“In Australia, Citi is a leader in mergers and acquisitions, equity capital markets debt capital markets and corporate banking and a trusted adviser to many companies, investors and government entities.”

Mr Cartel steps into the role as head of BCMA, after joining Citi in 2020 from Deutsche Bank where he was managing director and head of investment banking coverage.

Citi’s head of BCMA for Asia Pacific Jan Metzger said Mr Cartel’s experience in leading “transformational deals” will ensure the continued growth and success of the business.

“Alex is one of Australia’s most experienced and trusted M&A and ECM advisers… he has led some of the country’s largest and most complex transactions,” Mr Metzger said. 

“I’m delighted that he has further expanded his role and congratulate Tony on his appointment as chair.”

[Related: Treasurer green-lights NAB, Citi deal]