Hamish Whitehead has left Deutsche Bank to join Citi as a managing director within the bank’s Australian equity capital markets origination practice, according to an internal Citi memo seen by FinanceAsia.
When he starts work in October Whitehead will focus on Melbourne-based corporates and industry and infrastructure funds, reporting to John McLean, head of capital markets origination, the memo said.
At Deutsche Bank, Whitehead was a managing director tasked with executing transactions and cultivating new business across Australia. His corporate financing experience squares with Citi’s coverage strategy for Australia, a key market for the bank.
Citi is in the process of building out its investment banking franchise in Australia.
“Hamish joins us at a particularly exciting time for corporate and investment banking at Citi,” the internal memo, signed by McLean and Tony Osmond, head of corporate investment banking Australia/New Zealand, said. “We’ve had an exceptional start to the year, and plan to grow both the depth and number of relationships we have in the Australian market.”
Whitehead has advised on a number of initial public offerings in Australia and New Zealand, including the listings of Medibank, Meridian Energy, and Spotless Group. He has also advised corporates such as Fonterra Group and Qantas on financing solutions, the internal Citi document said.