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Citigroup’s top dealmaker in the UK is leaving the firm

Citigroup’s top dealmaker in the UK is leaving the firm


The Citigroup logo appears on a trading post on the New York Stock Exchange’s floor.

(Photo: dpa)

London John Skarbeck is one of the most prominent investment bankers Citigroup, has resigned amid the ongoing investigation. This is reported by the Bloomberg agency and refers to insiders.

The US lender announced internally this week that Skarbek is leaving the company after 28 years. This was explained by insiders who wished to remain anonymous. Citigroup last year promoted Scorpec to co-head of its banking, capital markets and advisory businesses in the UK and Ireland.

As Bloomberg News reported in July, Citigroup suspended Skarbek. The bank was investigating a complaint about comments made by an employee to a female employee during an outing.

The investigation was still ongoing at the time of Skarbek’s resignation and had not yet reached a conclusion, insiders said. A Citigroup representative declined to comment, as did Skarbek.

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Citigroup’s dealmaker

Skarbek advised the British bookmaker last year William Hill Plc on its $3.5 billion in sales Caesar’s entertainment and a $7.7 billion acquisition of Megit with US aerospace firm Parker-Hannifin, stock filings show.

Buyout firm Clayton Duplier & Rice also advised on its $3.9 billion acquisition of a London-listed pharmaceutical services provider. UTG Healthcare Citigroup ranked eighth among advisers on UK corporate acquisitions with deals worth $34.5 billion in 2021, according to plc Bloomberg.

The bank ranked third among underwriters for London IPOs in 2021 JP Morgan Chase & Co. And Bank of America Data from Corp., Bloomberg shows.

He has been involved in the IPOs of companies such as food delivery app Deliveroo plc, a private equity firm. Bridge point Group Plc and greeting card platform Moonpig Group Plc.

Further: Down up to 50 percent: Next-biggest US banks report decline in profits