Citigroup has hired Peter Babej, the former co-head of Americas financial institutions at Deutsche Bank, according to a Bloomberg report.

Babej's leaving is at least the seventh departure this year by a senior investment banker from Deutsche, a person familiar with the situation told Bloomberg.

Babej will be working in New York as global co-head of financial institutions with David HeadBloomberg reported. The source declined to be identified since the move is not yet public.

Babej, according to Bloomberg, did not answer a request for comment on his move.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.