Citi Private Bank Adds To NY Team With Focus On Financial Sponsors

Tom Burroughes

17 February 2017

Citi Private Bank has appointed Stephen V Prostor to its New York team as a private banker with a focus on financial sponsors such as private equity firms, reporting to Ida Liu, global market manager at Metro NY.

Prostor will concentrate on providing wealth management services to New York-based clients, Citi said in a statement.

“The financial sponsor client segment in particular is one of our fastest growing, and this strategic shift allows us to dedicate the resources necessary to meet demand,” Liu said.

Previously, Prostor was head of Citi Private Bank Sponsor Finance in North America and head of syndications for the private bank. In this role he managed the origination, structuring, underwriting, syndication and portfolio management activities of the bank’s global subscription lending business in North America.

Prior to joining Citi Private Bank, Prostor spent 18 years as a corporate banker with PNC Financial Services, HSBC and Citi, including 10 years covering mid-market private equity sponsors to source portfolio company financing opportunities.