(Reuters) -Citigroup has employed two senior executives from JPMorgan to strengthen its management staff and broaden its financing enterprise, in line with an inner memo seen by Reuters on Wednesday.
Aloke Gupte, beforehand co-head of worldwide fairness capital markets (ECM) at JPMorgan, will be a part of Citi as world co-head of ECM alongside Doug Adams.
Alex Watkins, who held the identical position as Gupte at JPMorgan, will take over as head of know-how financing.
The appointments are a part of Citi’s broader technique to develop its funding banking division, following the recruitment of Viswas Raghavan from JPMorgan as head of banking in February final 12 months.
JPMorgan has additionally been strengthening its ranks, just lately hiring Anthony Diamandakis from Citi as vice chair of its strategic buyers group, and former HSBC dealmaker Kamal Jabre as vice chair of mergers & acquisitions for Europe, the Center East, and Africa.
Bloomberg was the primary to report the information.
(Reporting by Aatrayee Chatterjee in Bengaluru and Andres Gonzalez in London; Enhancing by Mohammed Safi Shamsi)
