Investment Banking

Citigroup hires JPMorgan’s Vargas in ECM shake-up

The Wall Street bank has taken on the former JPMorgan executive to lead ECM in the US

Citigroup has shaken up the senior ranks of its ECM business
Citigroup has shaken up the senior ranks of its ECM business Photo: Ying Tang/Getty Images

Citigroup has hired a new head of equity capital markets in the US and shaken up the unit in Europe as it continues to bring in senior dealmakers.

Bernal J. Vargas III, known as BJ, is joining the bank as head of equity capital markets for North America, according to a memo seen by Financial News.

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