Over the past two years, Citigroup has given its investment-division an overhaul — reorganizing its structure and appointing new leaders.
Business Insider identified and mapped out 42 of the most powerful people in the bank’s new-look Banking, Capital Markets, and Advisory group, which produced $5.2 billion in revenues in 2019.
To report this project, Business Insider spoke with insiders, consultants, and other industry experts.
Click here for more BI Prime stories.
Over the past two years, Citigroup’s investment-banking group has undergone a major face-lift.
It started in earnest in September 2018, Citigroup overhauled its investment-banking operations. Unlike most rivals across Wall Street, Citi had long had separate divisions for capital markets — raising debt and equity for corporations — and strategic advisory work on mergers and acquisitions and other deals.
The reorganization merged those two groups under one roof called Banking, Capital Markets, and Advisory, with the notion that it would create a simpler structure and foster closer collaboration between bankers. It’s just one of an array of divisional face-lifts Citi has undertaken in the past two years.
Citi has for years had ambitions of ascending the industry investment-banking league tables, and while it has …read more
Source:: Businessinsider – Finance