Co-Head of Technology ECM at Citigroup North America, Feige, Departs

The banking and finance sector is experiencing a shift as Citigroup Inc. co-head of technology and communications equity capital markets, Gregor Feige, has left the bank to join UBS Group AG. Representatives from both companies have declined to comment on this development. Meanwhile, Viswas Raghavan has joined Citigroup from JPMorgan Chase & Co. to lead its new banking division as dealmaking activity begins to pick up steam. CEO Jane Fraser noted at an investor conference that sentiment has improved, with several new deals being announced. However, it is typically a delay before these announcements translate into revenue for the company. The industry is seeing positive signs of recovery and growth as more deals are being finalized. The departure of Feige and addition of new talent like Raghavan suggest shifting dynamics within the sector. As the economy continues to rebound, it will be interesting to see how these changes impact the market in the coming months.

By Sophia Gonzalez

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