Citi Private Bank named Thomas Petrone as managing director and head of capital markets for North America. Petrone, who will be located in New York and report to Steve Bodurtha, will focus on capital market solutions for ultra high net worth clients.
Most recently, Petrone founded TAP Investments, a Connecticut-based family office focusing on fixed income, equity, and derivative securities and private equity limited partnerships. He began his career at Smith Barney in 1979 as an options trader and worked there for the next 28 years as co-head of U.S. equity derivatives, co-head of global equity structured products, and co-head of U.S. structured products.
“At a time of tremendous market volatility and global complexity, capital markets solutions are essential tools for our clients,” said Peter Charrington, CEO of Citi Private Bank in North America. “Tom is a professional with more than 30 years of experience in fixed income and equity derivatives. He’s a proven leader, skilled manager and subject expert. His skills will help our private bankers in creating solutions for ultra high net worth clients.”