Citigroup’s banking chief Vis Raghavan has accelerated a hiring spree of former JPMorgan Chase colleagues, with at least 10 senior investment bankers having now agreed to join the rival US bank.
In the past month, Citi has named Amit Nayyar as co-head of European technology banking, Guillermo Baygual as co-head of global M&A, Pankaj Goel as co-head of technology investment banking, BJ Vargas as head of North American equity capital markets and Ashish Agarwal as a senior real estate banker.
All five men held senior roles in JPMorgan’s investment bank. Raghavan worked at JPMorgan for more than 20 years, and was named global head of investment banking there before he quit to lead the turnaround of Citi’s corporate, commercial and investment banking business.