FSI will be led by three senior officials each of whom will join the Banking Operating Team (BOT). This includes Michael Marcus and Michael Quadrino – based in New York – reporting to David Friedland and Jens Welter.

Klaus H Hessberger will join the US bank, based in London. Hessberger brings more than three decades of experience in investment banking, most recently serving as co-head of the Global Financial Sponsors Group at Lazard. Prior to that, he spent over 25 years at JP Morgan in senior roles including co-head of Global Financial Sponsors and earlier in his career, co-head of EMEA Equity Capital Markets. In addition to his global remit, he will cover non-US markets, and report to Nacho Gutiérrez-Orrantia.

Sid Punshi will continue to lead FSI for the UK, Europe & MEA reporting to Hessberger. Since joining Citi, Punshi has started to build the business and the addition of Hessberger will accelerate this momentum, the firm continued.

Vikram Chavali will continue to lead FSI for JANA & Asia South, reporting to Hessberger, as well as to Kaustubh Kulkarni for the region.

Citi said its global focus on Financial Sponsors is delivering strong results. Last year, Citi achieved its highest sponsor wallet share in a decade and there is still significant opportunity in this space. It has carried that momentum into 2026.

The bank said that because of high levels of activity across the infrastructure space, global infrastructure coverage will be established as a separate, stand-alone vertical, led by Todd Guenther, reporting to David Friedland and Jens Welter. Guenther will also join the BOT and continue his coverage responsibilities for power, utilities, and renewables, reporting to Michael Jamieson.