Citi hires Kelly McPhilliamy as head of health and beauty banking

Reuters12-03 22:10

Citi hires Kelly McPhilliamy as head of health and beauty banking

By Abigail Summerville

Dec 3 (Reuters) - Citigroup C.N has hired Kelly McPhilliamy as the bank's head of health and beauty to expand its global consumer and retail investment banking group, according to a memo seen by Reuters on Wednesday. A Citi spokesperson confirmed the contents.

THE PEOPLE

McPhilliamy will start in January and report to Stacia Ryan, Citi's head of global consumer and retail investment banking.
She has over 25 years of experience covering the health and beauty sector, most recently at Harris Williams.
She has also held roles at Wells Fargo, Morgan Stanley and Merrill Lynch.
McPhilliamy has advised hygiene brand DUDE Wipes on a growth investment from private equity firm TSG Consumer Partners, haircare company Tangle Teezer on its sale to BIC BICP.PA, Colgate-Palmolive CL.N on its acquisition of sunscreen brand EltaMD, and Ulta Beauty’s ULTA.O initial public offering.

THE CONTEXT

So far this year, there have been several blockbuster health and beauty deals.
L'Oreal OREP.PA reached a $4.7 billion agreement to buy Gucci owner Kering's PRTP.PA beauty business.
Kimberly-Clark KMB.O made a nearly $50 billion deal to acquire Tylenol and Band-Aid maker Kenvue KVUE.N.
Elf Beauty ELF.N acquired Hailey Bieber's makeup brand Rhode.

(Reporting by Abigail Summerville in New York; Editing by Lisa Shumaker)

((abigail.summerville@thomsonreuters.com))

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A Citi spokesperson confirmed the contents.</p><p>THE PEOPLE</p><ul><li><p>McPhilliamy will start in January and report to Stacia Ryan, Citi's head of global consumer and retail investment banking. </p></li><li><p>She has over 25 years of experience covering the health and beauty sector, most recently at Harris Williams.</p></li><li><p>She has also held roles at <a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a>, <a href=\"https://laohu8.com/S/MSPQL\">Morgan Stanley</a> and Merrill Lynch. </p></li><li><p>McPhilliamy has advised hygiene brand DUDE Wipes on a growth investment from private equity firm TSG Consumer Partners, haircare company Tangle Teezer on its sale to BIC <span>BICP.PA</span>, Colgate-Palmolive <span>CL.N</span> on its acquisition of sunscreen brand EltaMD, and Ulta Beauty’s <span>ULTA.O</span> initial public offering.</p></li></ul><p>       THE CONTEXT</p><ul><li><p>So far this year, there have been several blockbuster health and beauty deals.</p></li><li><p>L'Oreal <span>OREP.PA</span> reached a <span>$4.7 billion agreement</span> to buy Gucci owner Kering's <span>PRTP.PA</span> beauty business.</p></li><li><p>Kimberly-Clark <span>KMB.O</span> made a nearly <span>$50 billion deal</span> to acquire Tylenol and Band-Aid maker Kenvue <span>KVUE.N</span>.</p></li><li><p>Elf Beauty <span>ELF.N</span> <span>acquired</span> Hailey Bieber's makeup brand Rhode.     </p></li></ul><p> (Reporting by Abigail Summerville in New York; 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A Citi spokesperson confirmed the contents.</p><p>THE PEOPLE</p><ul><li><p>McPhilliamy will start in January and report to Stacia Ryan, Citi's head of global consumer and retail investment banking. </p></li><li><p>She has over 25 years of experience covering the health and beauty sector, most recently at Harris Williams.</p></li><li><p>She has also held roles at <a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a>, <a href=\"https://laohu8.com/S/MSPQL\">Morgan Stanley</a> and Merrill Lynch. </p></li><li><p>McPhilliamy has advised hygiene brand DUDE Wipes on a growth investment from private equity firm TSG Consumer Partners, haircare company Tangle Teezer on its sale to BIC <span>BICP.PA</span>, Colgate-Palmolive <span>CL.N</span> on its acquisition of sunscreen brand EltaMD, and Ulta Beauty’s <span>ULTA.O</span> initial public offering.</p></li></ul><p>       THE CONTEXT</p><ul><li><p>So far this year, there have been several blockbuster health and beauty deals.</p></li><li><p>L'Oreal <span>OREP.PA</span> reached a <span>$4.7 billion agreement</span> to buy Gucci owner Kering's <span>PRTP.PA</span> beauty business.</p></li><li><p>Kimberly-Clark <span>KMB.O</span> made a nearly <span>$50 billion deal</span> to acquire Tylenol and Band-Aid maker Kenvue <span>KVUE.N</span>.</p></li><li><p>Elf Beauty <span>ELF.N</span> <span>acquired</span> Hailey Bieber's makeup brand Rhode.     </p></li></ul><p> (Reporting by Abigail Summerville in New York; Editing by Lisa Shumaker)</p><p> ((abigail.summerville@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1791807156.HKD","symbol_name":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251203:nL6N3X80W3:1","article_id":"2588446290","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588446290","pubTimestamp":1764771000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Citi hires Kelly McPhilliamy as head of health and beauty bankingBy Abigail Summerville","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","CL":"高露洁","LU0251142724.SGD":"Fidelity America A-SGD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","ULTA":"Ulta美容","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU1236620834.HKD":"HSBC GIF GLOBAL SUSTAINABLE LONG TERM DIVIDEND \"AM2\" (HKD) INC","BK4588":"碎股","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","PNC":"PNC金融","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","BK4207":"综合性银行","BK4211":"区域性银行","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","ELF":"e.l.f. 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A Citi spokesperson confirmed the contents.THE PEOPLEMcPhilliamy will start in January and report to Stacia Ryan, Citi's head of global consumer and retail investment banking. She has over 25 years of experience covering the health and beauty sector, most recently at Harris Williams.She has also held roles at Wells Fargo, Morgan Stanley and Merrill Lynch. McPhilliamy has advised hygiene brand DUDE Wipes on a growth investment from private equity firm TSG Consumer Partners, haircare company Tangle Teezer on its sale to BIC BICP.PA, Colgate-Palmolive CL.N on its acquisition of sunscreen brand EltaMD, and Ulta Beauty’s ULTA.O initial public offering.       THE CONTEXTSo far this year, there have been several blockbuster health and beauty deals.L'Oreal OREP.PA reached a $4.7 billion agreement to buy Gucci owner Kering's PRTP.PA beauty business.Kimberly-Clark KMB.O made a nearly $50 billion deal to acquire Tylenol and Band-Aid maker Kenvue KVUE.N.Elf Beauty ELF.N acquired Hailey Bieber's makeup brand Rhode.      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