Citi Hires Nick Daly as N. America Financial Institutions Head

Citigroup Inc. has hired Nick Daly from Bank of America Corp.to be head of its financial institutions team in North America, according to a memo seen by Bloomberg News.

Daly will also be North America head of specialty finance investment banking and based in New York, according to the memo. He has more than 20 years of experience and was a managing director at Credit Suisse before joining BofA.

Citigroup has been strengthening its investment banking business under Vis Raghavan, who joined in 2024 from JPMorgan to help the bank gain market share. Raghavan has been poaching senior ...