Citigroup Hires Deutsche Bank’s Locala to Strengthen M&A Team

Citigroup Inc., the fourth-ranked adviser on global technology deals this year, hired David Locala from Deutsche Bank AG to strengthen its mergers and acquisitions practice.

Locala, 48, will lead technology M&A globally when he joins Citigroup in November, according to Rob Julavits, a spokesman for the New York-based company. Locala, who declined to comment, will be based in San Francisco and report to global M&A co-heads Mark Shafir and Peter Tague.

Raymond McGuire, Citigroup’s corporate and investment banking chief, recently hired other former Deutsche Bank employees to help bolster his technology and M&A teams, including bankers Steve Pettigrew and Samardh Kumar.

Locala has advised on some of the largest semiconductor deals, including the pending purchase by Avago Technologies Ltd. of Broadcom Corp. for about $37 billion, which would be the industry’s biggest acquisition ever. He joined Deutsche Bank in 2005 from Lazard Ltd., according to his LinkedIn profile, and previously was an analyst at Morgan Stanley and a vice president at Montgomery Securities.

Citigroup brought in $556 million from advising on M&A transactions through the first six months of 2015, a 51 percent increase from a year earlier. Last year’s $949 million in revenue ranked fifth among the largest global investment banks, according to data compiled by Bloomberg Intelligence.

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