Citi promotes Black and Greatorex

Citi Alternative Investments has promoted Andrew Black and Tim Greatorex to co-heads of the Global Credit Structures business.

GCS develops and provides investment, funding and operational support services to Structured Investment Vehicles.

Black, who was previously head of London eredit structure, and Greatorex , who was head of SIV strategies, replace Charles Covell, the business head of GCS, who has announced his plans to retire. Covell worked for Citi since graduating from Cambridge University in 1976.