Citigroup is searching for a senior dealmaker to lead its UK banking, capital markets and advisory unit as long-serving chief, Michael Lavelle, has moved into a role dealing with some of its largest capital markets clients in Europe.

The US investment bank is on the hunt for a new head of BCMA for the UK and Ireland to replace Lavelle, who has taken on a new position as chairman of capital markets for Europe, the Middle East and Africa, according to an internal memo seen by Financial News.