Citigroup alternatives unit hires sales head

Mathias Giebken has left Auda Deutschland, a German alternative asset management firm, to join US financial services company Citigroup to lead its alternative investment product sales in Germany.

Giebken will be in charge of selling various products, including private equity, hedge funds and real estate, to institutional investors such as insurance companies, pension funds, corporates and financial institutions, as well as private clients.

Giebken is to work from both Frankfurt and London, and to report to Philip Anker, head of institutional sales and marketing for Citigroup Alternative Investments in Europe, and Stefan Mühlheim, board member of Citigroup global markets in Germany.

Before Citigroup hired him, Giebken was managing director at Auda Deutschland. He has also worked for Merrill Lynch, Lehman Brothers, Société Générale and HSBC.

Citigroup could not give details of the product range that Giebken will be selling, but Giebken said in a statement that it would be “what I consider to be one of the most comprehensive range of alternative investments in the marketplace today”.