The head of telecommunications, media and technology banking at Citigroup (NYSE:C), Bill Kennish, has reportedly left the bank as the company overhauls the unit.
The team headed by Kennish was broken up, leading to his departure.
Last week Johannes Fritze, the managing director of the European real estate team also left, although that was separate from the media unit. He may end up at Goldman Sachs (NYSE:GS), according to those close to the situation.
Executives Matthew Ponsonby and Thomas King from the London office also recently left, with the two of them ending up at Barclays Capital.
Kennish had key roles in mergers in acquisitions in the past, overseeing the $27 billion acquisition of O2 by Telefonica SA and the $5.5 billion acquisition of Investcom LLC by MTN Group Ltd.
Macquarie also nabbed another Citigroup executive in the latter part of 2009, when Sam Small, who was head of the European mergers and acquisitions, again pointing to the possibility Citigroup is putting in new blood to increase business in the region.
Neither Citigroup or Macquarie responded to the report.
