FRANKFURT, April 17 (Reuters) - Citigroup has hired Henning Wagner as Head of Private Company Coverage for Germany and Austria, the bank said in a memo seen by Reuters, adding he would join Citi from Deutsche Bank in the third quarter.

The appointment "reflects Citi's ongoing commitment to deepening our coverage and growing our wallet share", Citi said in the memo. "We see significant potential in the German and Austrian markets in covering large privately held companies as well as their owners."

(Reporting by Christoph Steitz; editing by Matthias Williams)