Citigroup Hires Credit Suisse’s Shah as Chairman in M&A Unit

Citigroup Inc. named Credit Suisse Group AG’s Dhiren Shah as chairman of the global technology mergers and acquisitions group.

Shah will be based in New York but spend “a significant amount of time” in San Francisco, according to a memo to staff. He’ll report to Cary Kochman and Mark Shafir, global co-head of mergers and acquisitions.

“M&A is positioned for significant growth within technology investment banking,” Kochman and Shafir said in the memo. “Dhiren’s experience, judgment and client relationships will further strengthen Citi’s strategic advisory capabilities.”

Citigroup has been bulking up as it seeks greater market share in ...