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    Home > Finance > Citi hires senior JPMorgan bankers to strengthen financing business
    Finance

    Citi hires senior JPMorgan bankers to strengthen financing business

    Published by Global Banking & Finance Review®

    Posted on July 16, 2025

    1 min read

    Last updated: January 22, 2026

    Citi hires senior JPMorgan bankers to strengthen financing business - Finance news and analysis from Global Banking & Finance Review
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    Tags:AppointmentInvestment Bankingequitycorporate governancefinancial services

    Quick Summary

    Citigroup hires senior JPMorgan executives to enhance its financing business, marking a strategic move to grow its investment banking division.

    Citigroup Strengthens Financing Team with Senior JPMorgan Hires

    (Reuters) -Citigroup has hired two senior executives from JPMorgan to strengthen its leadership team and expand its financing business, according to an internal memo seen by Reuters on Wednesday.

    Aloke Gupte, previously co-head of international equity capital markets (ECM) at JPMorgan, will join Citi as global co-head of ECM alongside Doug Adams.

    Alex Watkins, who held the same role as Gupte at JPMorgan, will take over as head of technology financing.

    The appointments are part of Citi's broader strategy to grow its investment banking division, following the recruitment of Viswas Raghavan from JPMorgan as head of banking in February last year.

    JPMorgan has also been strengthening its ranks, recently hiring Anthony Diamandakis from Citi as vice chair of its strategic investors group, and former HSBC dealmaker Kamal Jabre as vice chair of mergers & acquisitions for Europe, the Middle East, and Africa.

    Bloomberg was the first to report the news.

    (Reporting by Aatrayee Chatterjee in Bengaluru and Andres Gonzalez in London; Editing by Mohammed Safi Shamsi)

    Key Takeaways

    • •Citigroup hires two senior JPMorgan executives.
    • •Aloke Gupte joins as global co-head of ECM.
    • •Alex Watkins becomes head of technology financing.
    • •Part of Citi's strategy to grow investment banking.
    • •JPMorgan also strengthens its leadership team.

    Frequently Asked Questions about Citi hires senior JPMorgan bankers to strengthen financing business

    1Who are the new executives hired by Citigroup?

    Citigroup has hired Aloke Gupte and Alex Watkins from JPMorgan. Gupte will serve as global co-head of equity capital markets, while Watkins will head technology financing.

    2What is the purpose of these new hires at Citigroup?

    The appointments aim to strengthen Citi's leadership team and expand its financing business as part of a broader strategy to grow its investment banking division.

    3What previous roles did the new executives hold at JPMorgan?

    Both Aloke Gupte and Alex Watkins were co-heads of international equity capital markets at JPMorgan before joining Citigroup.

    4Who did JPMorgan recently hire from Citigroup?

    JPMorgan hired Anthony Diamandakis from Citigroup as vice chair of its strategic investors group.

    5When did Citigroup recruit Viswas Raghavan?

    Citigroup recruited Viswas Raghavan from JPMorgan as head of banking in February of the previous year.

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