Citigroup Inc., 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, the world’s third-largest brewer, on its offer for Fraser and Neave Ltd.’s stake in Asia Pacific Breweries Ltd 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.