Citigroup appoints Guillermo Baygual from JPMorgan Chase as co-head of mergers and acquisitions, aiming to boost dealmaking. Baygual brings over 25 years of experience, previously leading JPMorgan’s infrastructure and strategic investors group. Wall Street anticipates increased deal activity in the second half of the year amid easing uncertainties.

Citi’s expansion in investment banking under Viswas Raghavan sees success with major deals like Charter Communications’ acquisition of Cox Communications. CEO Jane Fraser notes a strong M&A pipeline and involvement in top investment transactions. In the first half of 2025, Citi ranked fourth globally in M&A revenue and fifth in investment banking revenue.

Read more at Yahoo Finance: Citigroup hires JPMorgan’s Baygual as co-head of M&A, memo shows