Citi hires Schlosser Ryan from Perella Weinberg for consumer & retail dealmaking

Perella Weinberg Partners

16/08/2023 20:03

By Anirban Sen
       NEW YORK, Aug 16 (Reuters) - Citigroup Inc  C.N  has
hired investment banker Stacia Schlosser Ryan from boutique
advisory firm Perella Weinberg Partners  PWP.O  as its new
global co-head of consumer & retail banking, capital markets &
advisory (BCMA). 
    Schlosser Ryan will co-head Citi's consumer & retail group
alongside veteran banker Clay Hale, according to an internal
memo sent by the bank's global head of healthcare, consumer &
retail banking, Chuck Adams, on Wednesday.  
    The contents of the memo were confirmed by a Citi
spokesperson. 
    "The addition of Stacia highlights the importance of the
Consumer & Retail franchise to BCMA, further strengthens our
coverage effort across this important sector and underscores the
firm's commitment to investing in our franchise," Adams said in
the memo. 
    Schlosser Ryan, who worked at Morgan Stanley  MS.N  for
nearly two decades before moving to Perella in 2018, has advised
on major transactions such as Kraft Heinz Co's  KHC.O  $3.35
billion sale of its nuts business to Hormel, Snyder-Lance's
$4.87 billion sale to Campbell Soup  CPB.N , and TreeHouse Foods
Inc's  THS.N  $2.7 billion acquisition of ConAgra's private
brands business. 

 (Reporting by Anirban Sen and Abigail Summerville in New York
Editing by Greg Roumeliotis)
 ((Anirban.Sen@thomsonreuters.com; Twitter: @asenjourno; Reuters
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