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Citi M&A veteran Cary Kochman to retire, sources say


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  Cary Kochman, one of Citigroup's top dealmakers, is retiring after spending nearly 14 years at the helm of the Wall Street bank's mergers and acquisitions group, people familiar with the matter told Reuters on Thursday.

Cary Kochman, a prominent figure in Citigroup's mergers and acquisitions (M&A) division, is set to retire after a distinguished 40-year career, according to sources cited by Reuters on December 5, 2024. Kochman, who has been with Citi since 1984, has played a pivotal role in some of the bank's most significant deals, including the $130 billion merger of Dow Chemical and DuPont in 2015. His retirement comes at a time when Citigroup is undergoing a major restructuring under CEO Jane Fraser, aiming to streamline operations and focus on core businesses. Kochman's departure is part of a broader shift in leadership within the bank's investment banking sector, with his responsibilities expected to be redistributed among existing team members.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/citi-ma-veteran-cary-kochman-retire-sources-say-2024-12-05/ ]

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