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Citigroup Loses on Record Debt Fees as Pandit Fortifies Bank

Richard Landgarten is one reason Citigroup Inc. hasn’t regained its once-dominant position in the resurgent corporate lending market.

The investment banker left the company in 2009, ultimately joining Barclays Capital and taking relationships with clients such as Tenet Healthcare Corp. with him. Tenet, which had used Landgarten and Citigroup to advise on a $1.6 billion debt exchange in January 2009, went with Barclays to lead a $600 million bond sale last August.