Citi hires MS infra head
Citigroup hired Eric Farina from Morgan Stanley as its new global co‑head of infrastructure financing — a signal Citi is doubling down on capital and leadership for large‑scale infrastructure deals reported.
Farina will co‑lead the bank’s new infrastructure financing and capital‑solutions effort alongside Rob Cascarino ([bloomberg.com)]. An internal memo from financing chief Achintya Mangla says the pair will report to John McAuley and Chris Munro, Citi’s global heads of debt capital markets ([bloomberg.com)]. The newly created IFCS group is charged with arranging custom financings tailored to client needs across sectors such as energy, transportation and artificial intelligence, according to the memo ([bloomberg.com)]. The appointment comes after Citigroup in late February formed a dedicated AI infrastructure banking team and told staff it sees roughly $3 trillion of capital needed by 2030 to fund data‑centers, compute and related AI infrastructure build‑outs ([bloomberg.com)]. Market forecasts cited alongside the bank’s plans put the scale in perspective: Moody’s projects at least $3 trillion of data‑center investment through 2030 ([bloomberg.com)] and JLL forecasts global data‑center capacity rising to about 200GW by 2030 ([jll.com)]. A Citigroup spokesperson confirmed the contents of the memo to Bloomberg, framing the IFCS hires as part of a push to deliver “curated solutions” from across the capital‑markets ecosystem for capital‑intensive infrastructure clients ([bloomberg.com)].
