Citigroup names global co-heads for its equity capital markets business

(Reuters) - Citigroup Inc on Friday named Douglas Adams and James Fleming global co-heads of its equity capital markets business, which helps companies raise money through IPOs and private placements.The appointments come at a time the business could be bracing for a dry spell following failed IPOs including WeWork-owner The We Company and disappointing debuts such as U.S. fitness startup Peloton Interactive Inc .Citi poached Fleming in 2018 from Bank of America Corp to co-head its equity..