SYDNEY, Aug 5 (Reuters) - Citigroup's ( C/PN ) head of Australian

and New Zealand investment banking Alex Cartel has left the

bank, according to a memo seen by Reuters on Monday.

Cartel will join Rothschild, local media reported.

Cartel joined Citi more than four years ago and served as

head of its local banking, capital markets and advisory group

which covers investment banking. He was previously at Deutsche

Bank for two decades, according to his LinkedIn profile.

His role will be covered on an interim basis by Tony Osmond

who is the bank's vice Chair, Japan, Australia and North Asia

regions, the memo said.

A search is underway for Cartel's permanent replacement at

Citigroup ( C/PN ), according to the memo.

A Citigroup ( C/PN ) spokesman confirmed the contents of the memo.