Citigroup has promoted a long serving executive to oversee its sales force across its markets business, following an internal reshuffle earlier this year.

The US bank has named Conor Davis as head of investor sales and relationship management for its markets business, according to an internal memo seen by Financial News. Citi has been searching for a replacement for Jim O’Donnell, who took on a new role as head of Citi's new global wealth unit unveiled by incoming chief executive Jane Fraser in January.