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.

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