Citi Is Said to Hire Andy Richard to Lead Real Estate Banking

Citigroup Inc. has hired Evercore Inc. veteran Andy Richard as its head of real estate investment banking, a person familiar with the matter said.

Richard, who as a senior managing director at Evercore and helped lead the real estate strategic advisory practice, will join Citigroup later this year and be based in New York, the person said, asking not to be identified discussing confidential information.

Richard will report to Jens Welter, Citigroup’s head of North America investment banking coverage, according to the person. Paul Ingrassia will continue in his role as interim head of real estate investment banking until ...