Citi Alternative Investments has appointed Andrew Black, head of London credit structures, and Tim Greatorex, head of structured investment vehicle strategies, as co-heads of the global credit structures business.
Black and Greatorex succeed Charles Covell, who is retiring. Both will report to Dean Barr, head of liquid alternative investments.
Black came to Citi in 1987 and in 1994 joined the management team of London credit structures as director and head of credit. He was appointed senior investment officer in 1997 and took over as business manager in 1999.
Greatorex joined Citi in 1994, initially to run the medium-term funding operations of the London credit structures business, and he is now a managing director and head of SIV strategies, a business unit established in 2003 to focus on the evolution of SIVs.