Citi's Talent Power Play: Can They Challenge JPMorgan?
Citi's new banking chief, Viswas Raghavan, is making bold moves by poaching top talent from JPMorgan. Can this strategy help Citi close the gap with their rival?
In this episode of UK Business Morning, Alice and Lewis delve into Citi's aggressive talent acquisition strategy as they compete with JPMorgan. Citi's new banking chief, Viswas Raghavan, has been actively poaching senior bankers from JPMorgan, including Achintya Mangla, Aloke Gupte, and Alex Watkins. The discussion explores how these hires fit into Citi's broader strategy to boost returns in leveraged finance and challenge JPMorgan's dominance. Lewis and Alice also examine the competitive landscape, noting that JPMorgan has been countering by poaching talent from Citi, and highlight the significant earnings gap between the two banks. With Raghavan's leadership, will Citi be able to strengthen its position in the investment banking sector? Tune in to hear the full analysis.
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