Private equity firm Terra Firma has hired the former head of private equity at Citigroup as its new head of investor relations, filling a critical role as it prepares the ground for a new fund that could come in 2012. Terra Firma said on Monday it had hired Kamal Tabet who spent 14 years at Citigroup (C.N) and was global head of the financial entrepreneurs group until January 2009. A Lebanese national, Tabet left the U.S. bank at the start of the same year that Terra Firma and its founder Guy Hands launched a lawsuit against Citigroup over its ill-fated deal for music group EMI. Tabet steps into the role vacated by Michael Hewett, who left the firm last year. Tabet also joins Terra Firma's senior management team.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C remained unchanged at $39.85. In the past year, the shares have traded as low as $36.20 and as high as $51.50. On average, 40564100 shares of C exchange hands on a given day and today's volume is recorded at 63992.
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