Citi has appointed a new head of North America markets alongside other senior leadership changes, according to a source familiar with the matter.
Mitali Sohoni has been selected to head up the bank’s North American markets business alongside her existing role as head of asset backed financing. In her new role as head of NAM markets, she will coordinate strategy for the division.
Sohoni joined Citi 19 years ago and during her tenure she has overseen several business areas including credit financing, asset-backed securities, clean energy, global infrastructure, residential, Citi Community Capital, municipal, and Citi’s Asset Finance Group.
She will continue to report to head of global spread products at Citi, Mickey Bhatia, with a matrix reporting line to Sunil Garg, CEO of Citibank North America (CBNA).
Alongside her appointment, Citi has also named a new chief executive of its broker dealer entity Citigroup Global Markets Inc (CGMI), according to a source familiar with the matter.
Dina Faenson takes on the responsibility alongside her existing role as head of markets counterparty trading and risk.
Faenson joined Citi in 2005 as a credit valuation adjustment (CVA) trader. During her tenure she has gone on to serve in several capacities across North American rates trading, rates and currencies, cross-markets, and X-value adjustment trading.
Citi declined to comment when contacted by The TRADE.