Citi has appointed Edward "Ned" Kelly president of Citi Alternative Investments, reporting to John Havens, the unit’s chief executive officer.

Mr Kelly will chair the CAI Management Committee and takes responsibility for the business and many of its investment centres.

Mr.Kelly will help drive the growth of CAI, a leading alternative investments platform with more than $59 billion of assets under management.

Citi has also named Jaime Yordan as vice chairman, Global Banking, Latin America, reporting to Manuel Medina Mora, chairman and chief executive officer of Citi Latin America and Mexico, and to Raymond McGuire and Alberto Verme, co-heads of Global Investment Banking.

Armando Diaz joins Citi's Global Equities business as head of US Institutional Cash Trading, reporting to Kevin Russell, head of Americas Equities Trading. Mr Diaz was previously at Goldman Sachs, most recently as the partner managing single stock cash and derivative trading.