Citi has appointed managing director Rob Jahrling as sole head of equity capital markets (ECM) for Australia and New Zealand.
Jahrling, co-head of ECM since 2021, has led a number of major equity raisings for clients including Air New Zealand, Sandfire Resources, IGO, National Storage REIT, Shopping Centres Australasia Property Group, and NEXTDC.
He has also played a key role in Citi Australia’s block trade business, which it says 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.
Citi also says his market insights have been valuable in connection with public M&A deals that Citi has advised on, including BHP’s successful US$165 billion unification, the US$16 billion merger between Santos and Oil Search, and the US$10 billion demerger by Woolworths of Endeavour Group.
He will continue to report locally to Alex Cartel, head of Citi's banking, capital markets and advisory function, which encompasses all of the bank’s corporate advisory, capital markets and lending businesses in Australia and New Zealand, and to Douglas Adams and James Fleming, global co-heads of Citi’s ECM business.
Jahrling joined Citi in 2010 as head of equity syndicate, before being appointed co-head of ECM in January 2021.