Finkelstein to Leave Citi's Consumer M&A Unit Amid Shifting Landscape
David Finkelstein, a veteran investment banker who headed Citigroup's global consumer and retail mergers and acquisitions unit, is leaving the bank, according to sources familiar with the matter. Finkelstein joined Citi in 2018 from Bank of America and had worked on several high-profile deals during his tenure. The departure comes as Citigroup has been boosting its consumer and retail dealmaking unit with top-level hires.
- This move could signal a shift in strategy for Citi, potentially affecting the bank's ability to compete with rival banks in terms of advisory roles on major transactions.
- Will Finkelstein's departure lead to changes in Citigroup's M&A approach, and how will this impact the bank's overall growth prospects in the consumer retail sector?