This wave of strategic hires complements other recent leadership changes at Citigroup aimed at revitalising its investment banking capabilities. Among these is the appointment of Drago Rajkovic as co-head of mergers and acquisitions (M&A), bringing with him over three decades of advisory experience from JPMorgan. Rajkovic's arrival forms part of a broader management overhaul led by Citigroup's CEO Jane Fraser, with Viswas Raghavan—formerly JPMorgan's sole head of investment banking—now heading Citi's banking division. Under Raghavan's leadership, Citigroup has seen strong momentum in M&A activity, with fees rising sharply in early 2025 and involvement in several high-profile deals such as Charter Communications' $21.9 billion merger with Cox Communications.