Mark Shafir plans to stay on at Citi to help with the transition through mid-May.
Photo:
Victor J. Blue/Bloomberg News
One of Citigroup Inc.’s top dealmakers is retiring from the investment bank, according to a memo seen by The Wall Street Journal.
Mark Shafir,
who most recently served as co-head of Global M&A at
Citi
C 0.83%
alongside
Cary Kochman,
announced his retirement on Tuesday morning, according to the memo, which was distributed internally. Mr. Shafir has been at Citi for 15 years, having worked in a number of leadership roles during his tenure there.
Mr. Shafir has worked on a number of landmark deals, including
Broadcom Inc.’s
$61 billion deal to buy
VMware Inc.,
and more recently
Kroger Co.
’s deal to buy its rival grocery chain
Albertsons
Cos.
Mr. Shafir plans to stay on at Citi to help with the transition process through mid-May, according to the memo. Mr. Kochman will continue leading the bank’s M&A franchise globally, it said.
Write to Lauren Thomas at [email protected]
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