Cary Kochman, who has been with Citigroup Inc. for 13 years, is retiring from his position as head of global mergers and acquisitions. This comes at a time when Citigroup is facing challenges in the investment banking sector and is looking to revitalize its division.
Kevin Cox will serve as the interim head of M&A while the bank searches for a permanent replacement. This change in leadership is significant for Citigroup as it aims to strengthen its position in the competitive investment banking landscape.