Citigroup to hire Cribiore for investment bank-WSJ
NEW YORK (Reuters) - Citigroup Inc (C.N) is hiring Wall Street veteran Alberto Cribiore as a vice chairman for its institutional clients group, which includes investment banking, the Wall Street Journal said on Wednesday, citing people familiar with the matter.
Cribiore is managing partner at Brera Capital Partners, a private equity firm he founded, and last year became lead director of Merrill Lynch & Co MER.N, the newspaper said. He is expected to resign from Merrill's board and assume a non-executive role at Brera, it said, citing a person familiar with his plans.
At Citigroup, Cribiore is expected to report to John Havens, who runs the institutional clients group, and focus on attracting new clients, the newspaper said. His hiring would help fill a void being left by Michael Klein, who is chairman of the institutional clients group but is leaving the bank.
Citigroup and Merrill did not immediately return requests for comment. Cribiore could not immediately be reached. Citigroup is the largest U.S. bank by assets.
(Reporting by Jonathan Stempel; editing by Carol Bishopric)
