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Citigroup North America Technology ECM Co-Head Feige Has Left

(Bloomberg) Citigroup Inc.’s North America co-head of technology and communications equity capital markets Gregor Feige has left the bank to join UBS Group AG, according to people familiar with the matter. Most Read from BloombergTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineBankman-Fried Is Sentenced to 25 Years in Prison Over FTX CollapseUBS Banker’s Frustration Exposes Cracks in World of Climate FinanceApple Plans New iPad Pro for May as Production Ramps Up OverseasDu

Citigroup North America Technology ECM Co-Head Feige Has Left

Citigroup's New Banking Chief Viswas Raghavan Must Relish a Challenge

Can Citigroup's new banking chief Viswas Raghavan reverse the revenue crumble?

Citigroup performed worse than its peers in terms of revenue it earned for the amount of capital it put to work. In the past three years, its revenue per dollar of average assets has tumbled in the banking and markets divisions combined – the kind of structure that most US rivals have. It slipped from third-best, behind JPMorgan and Morgan Stanley in 2021, to last out of five in 2023

Citigroup's new big hire is a no nonsense, hard-charging dealmaker

Viswas Raghavan, a competitive and ambitious dealmaker, is hired by Citigroup CEO Jane Fraser to lead the struggling Wall Street operation. Raghavan will oversee the advisory, capital markets, corporate, and commercial banking businesses amid a decline in revenues and dealmaking.