Citi today announced the appointment of Managing Director Rob Jahrling as sole Head of Equity Capital Markets (ECM) for Australia and New Zealand.
Rob, who has been co-head of ECM since 2021, has been central to the success of Citi’s ECM business in Australia & New Zealand which has led a number of major strategic equity raisings for clients in recent years including, Air New Zealand, Sandfire Resources, IGO, National Storage REIT, Shopping Centres Australasia Property Group, and NEXTDC.
He has also led the success of Citi Australia’s block trade business, which has rapidly grown to be the market leader in underwritten ECM block trades by both market share and deal volume, in the last 12 months. Recent transactions include Sumitomo Chemical’s block in Nufarm, Jacobs Engineering’s block in Worley, and Mubadal’s block in Oil Search.
Rob’s strategic equity market insights have also been valuable in connection with various public M&A assignments that Citi has advised on including BHP’s successful US$165bn unification, the US$16bn merger between Santos and Oil Search, and the US$10bn demerger by Woolworths of Endeavour Group.
Rob will continue to report locally to Alex Cartel, Head of Citi’s Banking, Capital Markets and Advisory function, which encompasses all of Citi’s corporate advisory, capital markets and lending business in Australia and New Zealand, and to Douglas Adams and James Fleming, global co-heads of Citi’s ECM business.
Commenting on the promotion Alex said: “Rob has successfully executed on a range of significant equity offerings in recent years and I’m delighted to have him lead our Equity Capital Markets function. Citi’s clients value Rob’s strategic advice and his deep relationships with key domestic and global institutional investors who provide market sentiment that underpins our successful origination and execution business.”
Rob joined Citi in 2010 as Head of Equity Syndicate, before being appointed Co-Head of ECM in January 2021.
