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Citi has hired former Credit Suisse executive Simon Francis to co-head the bank’s leveraged finance business in Europe, the Middle East and Africa (EMEA).

The bank announced Mr Francis’s hiring in an internal memo which also detailed a number of internal promotions, including Richard Basham as the bank’s new head of global capital management for EMEA.

“We will continue to invest in our EMEA Leverage Finance business and look forward to making further announcements in due course,” Citi’s head of capital markets origination for EMEA Philip Drury wrote in an email announcing the appointments.

Mr Francis was a senior member of Credit Suisse’s leveraged finance capital markets team*, and has more than seventeen years of leveraged finance experience. Mr Basham has been with Citi for 27 years, most recently as head of EMEA leveraged finance and loans.

The other two promotions are Paul Gibbs and Rizwan Shaikh, both Citi veterans, who have been appointed co-heads of EMEA Loans.

*This post has been amended to correct Mr Francis’s title at Credit Suisse.

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