OREANDA-NEWS. May 06, 2011. Citigroup has hired Dmitry Ankudinov as Head of Banking for Russia, one of the Group’s key focus countries within EMEA. Ankudinov joins from Renaissance Capital, where he worked for more than 15 years, most recently as a Senior Banker with coverage responsibility for some of the firm’s largest clients. He supported activity across a number of businesses, including Investment Banking, Asset Management and consumer credit, reported the press-centre of Citi.

In conjunction with Ankudinov’s appointment, Citi has realigned its coverage model for the Russia/Commonwealth of Independent States (CIS) region. Irackly Mtibelishvily, currently Chairman of Russia Banking, will undertake additional responsibilities and become Chairman of Russia/CIS Banking (including Kazakhstan and Ukraine). Alex Waechter, currently Head of Banking for Russia, has been promoted to Head of Banking for CIS, reporting to Irackly Mtibelishvily.

"The CIS regional approach aligns the Banking organisation with Citi’s other institutional businesses, allowing a more integrated and effective delivery of advice, products and client coverage," says James Bardrick, co-head of Banking, EMEA. "This reorganisation, as well as Dmitry’s established track record in M&A and capital markets origination, coupled with his strong client relationships in the region, will be key in taking the Russian investment banking business forward."