NEW YORK, March 3 (Reuters) - David Finkelstein, a
veteran investment banker who currently heads Citigroup's ( C/PN )
global consumer and retail banking franchise, is leaving the
bank, people familiar with the matter told Reuters on Monday.
Finkelstein, who is based in New York, joined Citi from Bank
of America ( BAC ) in 2018. During his stint at Citi, he worked
on several large deals and high-profile situations including
grocery chain Kroger's unsuccessful $25 billion takeover attempt
of smaller rival Albertsons. Last year, Citi also advised
family-owned candy giant Mars on its $36 billion acquisition of
Pringles maker Kellanova.
Citi declined to comment. Finkelstein did not immediately
respond to requests for comment.
In recent years, Citi has boosted its consumer and retail
dealmaking unit with top-level hires from rival banks, as part
of a broader effort to win a larger share of advisory roles on
the biggest transactions.
In 2023, Citi hired Stacia Schlosser Ryan as global co-head
of consumer and retail banking, capital markets and advisory.
Later that year, Citi tapped Barrett Frankel from Barclays to
co-head consumer investment banking in North America.
Citi was ranked fourth on the list of advisers by value of
deals worked on in 2024, according to data from Dealogic.