18 International Financing Review February 29 2020
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Bellwether: n. From the practice of placing a bell around the
neck of a castrated ram so that it might lead its flock
"ELLWETHER
7HOSûMOVINGûWHEREx
CITIGROUP has
appointed Alvaro
Revuelta and Jorge
Ramos as co-heads of
investment banking in
the Iberia region.
Ramos will remain in
his role as head of
Citi’s infrastructure
franchise for EMEA,
which he has held
since 2014. He joined
Citi in 2000 in its
investment banking
division in Spain, and
relocated to London in
2008 to lead
alternative energy
coverage for EMEA.
Revuelta joined Citi in
2004 and has been in
charge of originating
and executing BCMA
transactions in Spain.
ROYAL LONDON
ASSET
MANAGEMENT has
launched a global
sustainable equity
fund and has hired
George Crowdy to co-
manage the fund.
Crowdy joins RLAM
after 10 years at Janus
Henderson, where he
was a member of its
global sustainable
equity team. RLAM
said Crowdy would
manage the fund with
Mike Fox, head of
sustainable
investments. The fund
will consist of a
concentrated and
active portfolio of
30-50 stocks.
Veteran investment
banker Kefei Li has
joined HAITONG
INTERNATIONAL as
co-head of investment
banking, sources said.
Li works alongside co-
head Sean Huang.
Prior to joining
Haitong, Li worked at
Deutsche Bank for four
years, lastly as
chairman of Asia-
Pacific ECM. Li left
Deutsche in August,
after the German
lender pulled out of
equity underwriting in
Asia-Pacific. Haitong
International is the
Hong Kong investment
banking arm of
Shanghai-based
Haitong Securities.
All three
banks have
been at pains
to show how
smooth their
succession
planning has
been, so it’s
terrifying to
think how
they’ll behave
when they do
something on
the spur of the
moment
5 IFR PM 2322 p 15 - 24 .indd 18 28 / 02 / 2020 20 : 00 : 17