Citigroup has hired Chris Gammons as a managing director in the bank’s financial entrepreneurs group in Asia Pacific. Gammons was previously managing director for debt products and head of Asia leveraged finance for Deutsche Bank.
The move reflects the need of all the major investment banks to address the rapidly growing influence of private equity firms in the region.
Deutsche Bank has itself been strengthening its Asian financial sponsors group in recent months with a number of senior hires, including Gordon Paterson, Citigroup’s former head of Asia mergers and acquisitions, and Angus Barker, former head of the Asia Pacific financial sponsors group at UBS.
Gammons, who will be based in Hong Kong, will report to Chris Laskowski, head of Citigroup’s growing financial entrepreneurs group for Asia Pacific.
Mark Renton, the Asia Pacific head of investment banking at Citigroup, said: “During his 12-year career in Asia, Chris has been involved in some of the region’s major financial sponsor driven transactions. We look forward to Chris playing a leading role in further expanding our leading presence in this key market for Citi in the Asia Pacific region.”
Prior to his three years at Deutsche Bank, Gammons worked for JP Morgan and Merrill Lynch in their Asian debt capital market groups. His investment banking career started in 1994 at Chemicals Bank in New York.