Citigroup Inc. has accelerated the hiring of former JPMorgan Chase bankers as part of its efforts to expand its investment banking business. The move comes amid a growing competition in the investment banking sector.
Citi has been actively recruiting senior bankers from top-tier banks, including JPMorgan, to bolster its capabilities in mergers and acquisitions, advisory services, and capital markets. The company’s strategy aims to capitalize on the increasing demand for investment banking services and improve its market share.
The accelerated hiring process is seen as a response to Citi’s plans to increase its presence in key markets and expand its global reach. Industry experts believe that this move will help Citi stay competitive in an increasingly complex and competitive landscape.
However, the exact details of the hiring process and the terms under which these former JPMorgan bankers will be joining Citi remain undisclosed.
Source: https://www.marketscreener.com/news/citigroup-accelerates-hiring-of-former-jpmorgan-bankers-ce7c51dfd08ef427