Nick Tansley, a managing director in Citigroup’s global industrials group, has become the latest senior figure to exit the bank and is set to join the advisory unit of private equity firm Blackstone.
Tansley has been at Citigroup since 2011, when he joined as a managing director focused in the diversified industries sector. Previously, he had been co-head of industrials for EMEA at Nomura since 2008, having spent seven years working in Lehman Brothers’ industrial investment banking team.
Citigroup confirmed his exit. Blackstone wasn’t immediately available for comment.
Tansley is the latest senior exit from Citigroup’s industrials investment banking team. Dimitrios Georgiou, who was co-head of Citi’s industrials division and a managing director in its alternative assets group, also left in May to join RBC Capital Markets as head of industrials for Europe.
Citi has been a fertile hunting ground for RBC in recent months. It has just hired Paul Tomasic, who previously headed Citi’s healthcare team across EMEA, according to Financial News, as well as senior consumer banker David Plowman.
Tansley joins Blackstone at a time of expansion across the group. So far this year, in the US, it’s hired former UBS banker, James R. Schaefer, as a senior managing director for its advisory unit and then added Keith Lord and Dayan Abeyaratne as managing directors within its energy advisory team.
In the UK, however, recent recruits have largely been at the junior level. It hired Chloe Kyprianou, an associate at Nomura, in June and William Nicholson as an analyst from Barclays.
However, it’s planning an ambitious hedge fund launch, which will eventually necessitate the need to hire “several teams of traders” to run hundreds of millions of dollars.
Tansley started his career at PricewaterhouseCoopers in 1995 and moved into investment banking with Lehman Brothers in 2001. He has a BCom from the University of Birmingham.