Citi Keeps Top Europe Banker Gutierrez Amid Talk of Naturgy Role

Nacho Gutierrez-Orrantia, one of Citigroup Inc.’s top bankers in Europe, is set to stay at the firm following reports he will leave for Spanish gas distributor Naturgy Energy Group SA, people with knowledge of the matter said.

Gutierrez-Orrantia informed senior Citigroup dealmakers this week that he plans to remain in his role at the bank, the people said, asking not to be identified because the information is private. He currently serves as Citigroup’s co-head of banking, capital markets and advisory for Europe, the Middle East and Africa.

Representatives for Citigroup and Naturgy declined to comment, while Gutierrez-Orrantia ...