Citi Appoints Ric Spencer as New Vice Chair of Tech Investment Banking
Citi has appointed Ric Spencer, a seasoned banking professional with over three decades of industry experience, as its new vice chair of technology investment banking. Spencer, who was previously with PNC, brings a wealth of knowledge to Citi, which is looking to expand its global internet coverage.
Spencer's appointment is the latest in a series of hires for Citi, reflecting its strategic focus on the convergence of digital media and technology. Before joining PNC, Spencer served as head of internet and digital media investment banking at Piper Jaffray. At PNC, he spent close to 17 years, most recently serving as global co-head of technology investment banking.
Based in San Francisco, Spencer will report to Mark Keene, head of technology investment banking, and work alongside Liz Milonopoulos to expand Citi's global internet coverage. Citi's commitment to this sector is evident in its strong performance in global investment banking revenues. In 2025, Citi ranked fifth globally, with US$3.59 billion in revenues and a 4.8% share.
Ric Spencer's appointment as vice chair of technology investment banking at Citi underscores the bank's commitment to the digital media and technology sectors. With his extensive experience and expertise, Spencer is well-positioned to help Citi capitalize on the convergence of these fields and further strengthen its global position.
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