Citi Merges Bonds and Loans

Citi has consolidated its LatAm loans and DCM team into a single credit markets group led by Mario Espinosa, former head of loans, and Chris Gilfond, former co-head of DCM. They report to Ricardo Braga, head of fixed income, currency and commodities for Latin America, and Atiq-Ur Rehman, head of EM DCM. The group will combine DCM, syndicated loans, and local DCM and offer liability management, private placements, hybrid capital securities and source loan assets for distribution through EM credit trading. Carlos Corona will lead international bonds and loans coverage for Mexico, working with Humberto Cabral on the local DCM side. Brazil will be led by Sandy Severino, Eduardo Cutrim and Hamilton Agle. In the southern cone, Adrian Guzzoni, Juan Cristobal Peralta (Chile) will lead. In Central American and the Caribbean, Blake Haider and Fabian Kiel (Trinidad and Tobago) take charge. Haider will also have responsibility for the Andes, along with Adrian Guzzoni, Rocio Arbelaez (Colombia) and Denis Gray (Peru). Luis Carlos Nuñez is taking on a new role focusing on emerging and middle market companies, sourcing bond opportunities and/or assets for distribution through Citi’s credit derivative loan distribution program. He will also continue to do local market access trades. John Hartzell, former DCM co-head with Gilfond, is now head of LatAm trading.