Keval Shah had resigned from London based Citigroup as co-head of its FIG syndicate. Shah would later join UK lender Lloyds Bank as the financial lender's head of financial and corporate group. This was according to statement from Lloyds last Friday.
The other co-head of FIG syndicate at Citi. Tim Michael would take on Shah's duties. He would be responsible in selling covered and senior bonds as well as bank capital for Citigroup.
No information had been disclosed whether or not Citigroup would fill the position with a new hire. Sources said that Shah's decision to step down from Citigroup came after a disappointing lack of progress in his career at the financial firm. That is why his exit did not come as a surprise to anyone.
Shah had been with Citigroup for over 14 years. He graduated from University of Oxford last 1999 with a degree in mathematics as indicated on his LinkedIn profile page.
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