Citigroup Inc. (C) hired Pierpaolo di Stefano and Leopoldo Attolico to run investment banking in Italy as the euro-region's third-largest economy emerges from recession.
Attolico, 50, joins from Deutsche Bank AG (DBK), where he was vice chairman of investment banking for Italy, while Di Stefano was hired from Nomura Holdings Inc. (8604), where he oversaw Italian investment banking. Both report to Luigi de Vecchi, chairman of corporate and investment banking for continental Europe, and to Renzo Arcoria, Italy country officer.
"We have important ambitions in Europe, and Italy is a market in which we need to boost our presence," de Vecchi, who joined New York-based Citigroup this year, said in an interview yesterday. "The market is incredibly interesting and should yield great satisfaction over the next few years" as companies, banks and the government engage in deal making, he said.
Source: http://www.bloomberg.com/
