Citi Long-Serving M&A Chief to Retire

Mark Shafir plans to stay on at Citi to help with the transition through mid-May.


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


C 0.83%


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



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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