Citigroup has appointed Tobias Akermark from Barclays and Kasper Dichow from Nordea to co-lead its Nordic investment banking division. 

This recruitment is part of Citigroup’s strategy to expand its European operations amidst a significant company overhaul, according to Reuters report. 

Akermark, who previously served as Barclays’ country CEO for Sweden and head of Nordic banking, will relocate to Stockholm to assume his new role later this year. 

He also spent 15 years at Morgan Stanley, where he served as the head of Nordic mergers and acquisitions. 

Dichow previously led Credit Suisse’s Nordic investment banking before he moved to Nordea in 2015. 

Both Akermark and Dichow bring nearly 20 years of investment banking expertise to their new positions at Citigroup. 

Last month, Citigroup named Lee Lung Nien as the country officer and banking head for Singapore. 

Lung previously served as chairman of Citi Private Bank for South Asia and CEO of Citibank Berhad in Malaysia. 

In his new role, Lung will manage Citi’s operations and business interests in Singapore, focusing on client and regulatory relations. 

Recently, Chris Alder joined Citi Australia and New Zealand’s commercial real estate finance team as vice president of commercial real estate finance underwriting. 

He joined the company after completing three years at Wingate, a private credit investment manager specialising in real estate and corporate debt solutions. 

At a New York conference in September, Citigroup CFO Mark Mason said investment banking fees and market revenue are expected to rise mid-single digits in the third quarter year over year. 

Earlier this year, Citi Private Bank launched philanthropy advisory solutions in Asia, amid increasing demand from ultra-high net worth (UHNW) clients.