The head of Citigroup's investment bank in Europe is relocating to San Francisco to head up a new unit aimed at capitalising on technological disruption.

The unit will be one of what the bank calls a 'super group' where Citi aims to tap into a growing trend that straddles multiple sectors and divisions. Philip Drury, who has been head of banking, capital markets and advisory for Europe, the Middle East and Africa at Citigroup for over two years, will lead the new team of around 400 investment bankers globally.