Deutsche Bank AG has hired a team of oil and gas bankers from Citigroup Inc, people familiar with the matter said on Friday. The Citigroup team of between eight and ten bankers help clients with acquisitions and divestitures of leases and ownership of oil- and gas-rich properties.Co-heads Tim Saxman and Cliff Adams will lead the team in a similar role at Deutsche Bank, said the sources, who were not authorized to speak on the record. Officials from Deutsche and Citigroup declined to comment.The move follows Deutsche's hiring last year of Andy Safran, who was chairman of the energy, power and chemical groups and vice chairman of global banking at Citigroup, as vice chairman in its investment banking coverage group. (Editing by Jeffrey Benkoe)
Citigroup Inc. (Citigroup) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Shares of C fell by 0.3% or $-0.14/share to $47.09. In the past year, the shares have traded as low as $45.18 and as high as $55.28. On average, 20803300 shares of C exchange hands on a given day and today's volume is recorded at 5468640.
Deutsche Bank AG is a global investment bank. The Company offers a variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. Shares of DB remained unchanged at $35.51. In the past year, the shares have traded as low as $34.82 and as high as $51.99. On average, 1644900 shares of DB exchange hands on a given day and today's volume is recorded at 723227.
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