Citi makes first European advisory hire

Citi has appointed its first dedicated Europe-focused secondaries advisory professional as it continues the build-out of its team.

The investment bank has appointed Anand Sethia as a vice-president focusing on GP-led secondaries, direct secondaries and co-investments, according to a source with knowledge of the hire. He starts at the London office at the end of August.

Sethia comes to the job from two years at Campbell Lutyens where he was a senior associate, according to his LinkedIn profile. Prior to that he was an associate with Evercore and an analyst with UBS.

He will report to Orcun Unlu, who joined from UBS in 2017 to launch Citi’s private capital advisory business.

Sethia’s appointment follows that of Sola Adeleye at the start of the week. Adeleye joined Citi as a New York-based director focused on GP-led deals across private equity and real assets. He has previously worked at Cebile Capital, KKR and Landmark Partners, among other institutions.

The European advisory market has had several notable moves in the past few months. In June, the former head of secondaries at Rede Partners Yaron Zafir joined Asante Capital Group as a senior advisor.

In May, UBS hired Sandro Galfetti from PJT Park Hill to lead its EMEA advisory efforts, Secondaries Investor reported. The same month, the three members of Duff & Phelps‘ London-based secondaries market advisory team departed the firm. Their next steps are not clear.

Citi and Campbell Lutyens declined to comment.