Citi bolsters Paris hub ahead of Brexit

LONDON, July 10 (Reuters): Citigroup is boosting its operations in France ahead of Brexit with a series of senior appointments.

The US bank named Pierre Drevillon as its new head of mergers and acquisitions in France, according to an internal memo reviewed by Reuters.

Citi's chairman for continental Europe Luigi de Vecchi will relocate to Paris from Milan, the memo said, in order to supervise the bank's expansion in the French capital.

Drevillon was previously head of M&A for France and Benelux at UBS.

Citi also hired Gregoire Haemmerle from its Swiss rival as its head of France corporate and investment banking.

The moves come as Citi shifts jobs from Britain to the European Union ahead of Britain's exit from the bloc.