Citigroup has hired Garo Torossian as European head of distribution for RMBS, a newly created role at the bank.
Torossian will report to Peter Keller, head of European credit and residential real estate structuring. Simon Boughey, a spokesman for Citi, confirmed the appointment today in an e-mail.
“We have invested in building out the origination and structuring group and determined that we needed a dedicated distribution specialist,” said Boughey. “This important hire constitutes a new role and further strengthens Citi’s franchise in the European RMBS space.”
Torossian will begin his position effective December 2014. He joins the bank from the Royal Bank of Scotland, where he was in asset backed securities sales.