Citigroup has formed a new Infrastructure Financing & Capital Solutions Group (IFCS) and appointed two co-heads to lead the unit. Given the rapid growth in financing demand across Asia, the IFCS group will place a particular emphasis on the region. Operating within the Debt Capital Markets division, IFCS will be a team dedicated to the structuring, financing arrangements, and lending for infrastructure projects, not limited to specific products, and will offer tailored solutions for global clients. The two appointed co-heads are Eric Farina and Rob Cascarino. They will report to Debt Capital Markets heads John McAuley and Chris Munro, while also working closely with all capital markets teams. Citigroup stated that infrastructure financing and capital markets are developing rapidly, especially within the Asia-Pacific region. "Macro trends and technological innovation are broadening capital requirements, and investment in energy, transportation, digital and artificial intelligence ecosystems, along with other critical infrastructure, is also accelerating."