Citigroup Inc. had hired Leopoldo Attolico and Pierpaolo di Stefano as heads of investment banking in Italy, said a Bloomberg report. The appointments for the two new executives were after the third biggest economy in the euro-region emerged from recession.

The 50 year old Attolico joined Deutsche Bank AG before his post at Citi. Attolico was the vice chairman of investment banking for Italy. Meanwhile Di Stefano's previous employment was from Nomura Holdings Inc where he worked to oversee Italian investment banking, said a Bloomberg report. Both executives would report to Luigi de Vecchi, the chairman of corporate and investment banking of Citigroup Inc for its continental Europe operations. Both Attolico and Di Stefano would also report to Renzo Arcoria, the head country officer for Italy.

According to de Vecchi who joined Citi this year, "We have important ambitions in Europe, and Italy is a market in which we need to boost our presence. The market is incredibly interesting and should yield great satisfaction over the next few years as companies, banks and the government engage in deal making."