Citi Adviser Verme’s Impressive Client List Includes Saudi Royalty
The consummate relationship banker, well-connected Alberto Verme, Citigroup’s chairman of banking for Europe, the Middle East and Africa, recently represented state-owned Russian oil giant Rosneft on its $55 billion takeover of TNK-BP, British oil company BP’s joint venture with the Moscow billionaires of AAR Consortium.
By David Rothnie
When Citigroups biggest shareholder, Prince al-Waleed bin-Talal, wanted an introduction to new CEO Michael Corbat, the Saudi billionaire turned to Alberto Verme. Al-Waleed is one of a glittering roster of clients assigned to Verme, Citis chairman of banking for Europe, the Middle East and Africa. The London-based deal maker has built his career on his relationships with the powerful. Last year Verme logged 250,000 miles and attended more than 240 meetings with top executives. I like to be as close to my clients as possible when they need me, says the 55-year-old banker.
Verme spent much of the past summer advising Igor Sechin, president of Russias Rosneft, on the state-owned oil giants $55 billion acquisition of TNK-BP from U.K. oil company BP and Russias AAR Consortium, a venture of Alfa Group, Access Industries and Renova Group. The long-simmering deal will boost Citis EMEA M&A business when it closes in....