Finance
Citi hires senior JPMorgan bankers to strengthen financing business
Published by Global Banking & Finance Review®
Posted on July 16, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 16, 2025
1 min readLast updated: January 22, 2026
Citigroup hires senior JPMorgan executives to enhance its financing business, marking a strategic move to grow its investment banking division.
(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)
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.
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.
Both Aloke Gupte and Alex Watkins were co-heads of international equity capital markets at JPMorgan before joining Citigroup.
JPMorgan hired Anthony Diamandakis from Citigroup as vice chair of its strategic investors group.
Citigroup recruited Viswas Raghavan from JPMorgan as head of banking in February of the previous year.
Explore more articles in the Finance category
