How many MBAs are required to do a technology investment banking deal? If you’re Davide Russo, a senior technology banker, two are advisable: one from IESE in Spain, focused on broad corporate strategy; one from the London business school, focused on venture capital and entrepreneurship.
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Three years ago, Russo took his MBAs to Citi, where he became the head of EMEA technology services investment banking. Now he has taken his MBAs off again.
Citi isn’t commenting and Russo didn’t respond to a request to comment, but multiple sources say Russo has handed in his resignation. It’s not clear what he intends to do next, but the possibilities are manifold. Immediately before he joined Citi, Russo was head of strategy and investments for ByteDance, which owns TikTok. He is thus equipped for both banking or corporate development roles.