Citi has appointed Catherine Cai as managing director, chairman and head of China investment banking, reporting to Mark Slaughter, head of corporate and investment banking for Citi in Asia Pacific, according to a company announcement.
Catherine will oversee Citi’s China investment banking team, and continue the strong partnership between China investment banking and industry coverage, M&A and capital markets origination teams.
"Catherine…has excellent client relationships around the region and has been involved on several landmark and groundbreaking transactions from China during her career," says Mark Slaughter.
Catherine has over 20 years of experience in China investment banking. She joins Citi after ten-years at Bank of America Merrill Lynch, where she was most recently chairman of China investment banking.
In the last two years, Citi has raised over US$130 billion from capital markets for Chinese issuers, and advised on close to US$50 billion of merger and acquisition deals involving Chinese firms, according to Dealogic data.