Citigroup Poaches Two Senior JPMorgan Bankers in Hiring Push

Citigroup Inc. is hiring two of JPMorgan Chase & Co.’s senior bankers, as the US lender continues to tap its Wall Street rival for talent to bolster its own investment banking division.

Aloke Gupte is joining Citigroup as global co-head of Citigroup’s equity capital markets business, and Alex Watkins will take up the newly-created role of head of technology financing, according to an internal memo seen by Bloomberg News. The bankers jointly ran JPMorgan’s ECM business outside the US.