Rick Ivers, head of leveraged-buyout lending at Citicorp, is leaving the bank because of a disagreement with management about the future direction of the business, sources said last week.

Described by friends as a "rainmaker" who generated a lot of business for Citi over the year departure is viewed as a blow to the bank.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.