Citigroup Inc. has appointed global co-heads of its equity capital markets business, Reuters reported.

Douglas Adams and James Fleming were named to the roles. A Citigroup spokesperson confirmed the moves to S&P Global Market Intelligence in a memo. Adams most recently served as co-head of North America equity capital markets, while Fleming was co-head for the Europe, Middle East and Africa equity capital markets business.

Paul Abrahimzadeh and Russell Chong will co-head the North America equity capital markets business. The bank appointed Suneel Hargunani to replace Fleming as co-head of EMEA equity capital markets, according to the Reuters report.

Abrahimzadeh was previously head of the North America equity capital markets syndicate, and Chong led equity capital markets efforts for the healthcare, media and telecommunications sectors, according to a separate memo sent to S&P Global Market Intelligence.