Citi's European Head of Telecom, Media and Tech Steps Down

Bill Kennish, European head of telecommunications, media and technology for New York-based Citigroup, has left the company, according to Bloomberg Businessweek.

His departure reportedly comes in the midst of a restructure of his team.

Kennish advised Spain's Telefonica SA on its 17.7 billion- pound ($27 billion) purchase of British mobile-phone operator O2 in 2005, and also counseled Lebanese telephone company Investcom LLC on its $5.5 billion purchase by South Africa's MTN Group Ltd. in 2006. He may join Macquarie Group Ltd., Australia's largest investment bank, one of the people said. Fritze is considering moving to Goldman Sachs Group Inc., the person said.

Spokeswomen for Macquarie and Goldman Sachs in London declined to comment.

The departures follow those of senior London-based Citigroup bankers including Thomas King and Matthew Ponsonby, who both joined Barclays Capital. In New York, Citigroup proprietary trader Jay Glasser quit to join Nomura Holdings Inc. last week as U.S. lawmakers pressure domestic banks to stop speculating with their own capital.