Citigroup Splits Global Investment Unit

Citigroup Inc., the world’s largest financial services company, split its global corporate investment banking unit into two groups, naming Tom Maheras head of capital markets and Michael Klein head of banking.

The appointments are the first management changes since Chief Executive Charles Prince took over the company from Sanford Weill on Oct. 1.

Klein, formerly head of Citigroup’s Europe, Middle East and Africa region, will replace Robert Morse as head of investment banking. Both Klein and Maheras will report to Robert Druskin, who became head of the global corporate investment banking unit in December.