Citigroup Hires Plowman to Join Brother on Consumer Team

Citigroup Inc. (C), the third-biggest U.S. bank, hired Robert Plowman as a managing director to work alongside his brother David on advising consumer companies, according to an internal memo obtained by Bloomberg.

Plowman will join the London-based consumer products team in October, according to the memo, whose contents were confirmed by spokeswoman Edwina Frawley-Gangahar. He is coming from Rothschild, where he’s had a position since 2004, after previously working at Dresdner Kleinwort Wasserstein.

Citigroup is currently ranked the no. 7 in European mergers and acquisitions, according to data compiled by Bloomberg. The U.S. bank is advising Heineken NV (HEIA), the world’s third-largest brewer, on its offer for Fraser and Neave Ltd.’s stake in Asia Pacific Breweries Ltd (APB) as companies battle for brewing assets in faster-growing emerging markets.

Robert Plowman has been working in corporate finance for 15 years, including the consumer products sector for the last 11 years, according to today’s memo.

To contact the reporter on this story: Aaron Kirchfeld in London at akirchfeld@bloomberg.net

To contact the editor responsible for this story: Jacqueline Simmons at jackiem@bloomberg.net

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