Citigroup has announced the appointment of two seasoned bankers to senior roles within its Financial Institutions Investment Banking division. This move forms part of the bank’s strategic initiative to bolster its global insurance and specialty finance advisory services.
Jonathan Alpert has been designated as the new Global Head of Insurance, effective from September. Alpert boasts an impressive career spanning over 28 years in both the insurance industry and investment banking. His most recent role was as Co-Head of Global Insurance at Bank of America. Alpert will leverage his rich experience and extensive network within the global insurance sector to drive Citi’s growth in this arena.
Operating from New York, Alpert will team up with Brian Malbacho, Citi’s North America Head of Insurance. Together, they will focus on expanding the bank’s global insurance franchise. Citi expressed confidence in Alpert’s capabilities, noting his record of advising on significant international insurance transactions and his enduring relationships with eminent global insurance groups.
In a simultaneous appointment, Ryan Willingham will assume the role of Managing Director covering Specialty Finance, come August. He, too, is transitioning from Bank of America where he previously headed the specialty finance sector within the bank’s Financial Institutions group.
Willingham’s nearly 20-year career has been dedicated to advising a variety of specialty finance firms, including mortgage originators and servicers, mortgage REITs, and government-sponsored enterprises.
These strategic appointments come at a time when deal activity within the insurance sector is on the rise, particularly in the Asia-Pacific region. Insurers in the area are actively pursuing capital-raising and merger-and-acquisition opportunities. As Global Head of Insurance, Alpert will be instrumental in supporting Citi’s growth ambitions with leading insurers in this dynamic region.
Who has Citigroup appointed to its Financial Institutions Investment Banking division?
Citigroup has announced the appointment of Jonathan Alpert as Global Head of Insurance and Ryan Willingham as Managing Director covering Specialty Finance.
What experience does Jonathan Alpert bring to his new role at Citigroup?
Jonathan Alpert brings over 28 years of experience in the insurance industry and investment banking. His most recent role was Co-Head of Global Insurance at Bank of America.
What is the significance of these appointments for Citigroup?
These appointments come at a time of increased deal activity in the insurance sector, particularly in the Asia-Pacific region. Alpert, as Global Head of Insurance, will play a pivotal role in supporting Citigroup’s growth with leading insurers in this region.
