Citi says it has tapped former Merrill Lynch board member Alberto Cribiore to become vice chairman of its institutional clients group effective immediately. Cribiore, 62, will report to John Havens, CEO of the institutional clients group.
Cribiore recently was the lead director of Merrill Lynch and served as Merrill’s interim non-executive chairman and chairman of the search committee prior to the appointment of John Thain as head of Merrill, following the departure of Stanley O’Neal. Earlier, he was the managing partner of Brera Capital, a global private equity firm founded in 1997.
“Alberto is a distinguished and widely-respected leader in global financial services, and we are delighted that he has decided to join Citi. His extensive management experience comes with a broad and deep understanding of the global financial marketplace, including investment banking and asset management in the U.S., Europe, Latin America and Asia,” says Havens.