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Citigroup hires five US tech investment banking executives from rivals

By Thomson Reuters Jul 22, 2026 | 7:50 AM

By Tatiana Bautzer

NEW YORK, July 22 (Reuters) – Citigroup said on Wednesday it has ​hired five managing ‌directors for its technology investment banking in the U.S. from Bank of America, JPMorgan Chase ‌and ​UBS.

Chris Groe, ⁠who recently left ⁠Bank of America, will be responsible for deals in payments, fintech and digital ​assets and is expected to join the team in ⁠New York in ⁠September.

Citi also hired ​four banking executives in San ​Francisco, including three from JPMorgan. ‌Florian Plath will be managing director for software and semiconductor companies, Dhruv Fotadar ⁠will cover enterprise infrastructure clients across software and AI and Anand ⁠Agarwal ‌will focus on ⁠semiconductors and AI ​companies.

Josh ‌Sheets, the fourth hire ​in San ⁠Francisco, will focus on vertical software companies and is joining from UBS.

(Reporting by Tatiana Bautzer; Editing by ​Sahal Muhammed)