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

Perella Weinberg Partners

16/08/2023 22:07

(Adds more details on Citi strategy, background on Schlosser
Ryan's career in paragraphs 5-7)
    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.
        In 2021, Citi hired Adams from Goldman Sachs Group
 GS.N  to run its newly-combined global healthcare and consumer
investment banking group. The so-called "super group" was formed
as part of the bank's strategy to win mandates on more
high-profile deals. 
    Schlosser Ryan, who co-headed the consumer and retail group
at Perella, 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 $6.1 billion sale to Campbell Soup
 CPB.N , and Cadbury's $10.3 billion spin-off of Dr. Pepper
Snapple.
        Before Schlosser Ryan moved to Perella in 2018, she
worked at Morgan Stanley  MS.N  for nearly two decades across
locations including New York, Sydney, Menlo Park, and Chicago. 

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