03:27 PM EDT, 07/18/2024 (MT Newswires) -- Citigroup ( C ) has appointed Michael Phipps as the head of its building-products investment banking division, Bloomberg News reported Thursday, citing people familiar with the details.

Phipps has been Truist Financial's ( TFC ) Managing Director and Head of Basic Industries Investment Banking at its Truist Securities unit since Nov. 2023, according to his LinkedIn profile.

Neither Citigroup ( C ) nor Truist Financial ( TFC ) immediately responded to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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