Citigroup Hires JPMorgan Tech Veteran Rajkovic as M&A Co-Head

Citigroup Inc. is hiring veteran JPMorgan Chase & Co. banker Drago Rajkovic as global co-head of mergers and acquisitions, as the US lender continues poaching senior dealmakers from its rivals to bolster its investment banking franchise.

Rajkovic was a global chairman of M&A focused on technology deals at JPMorgan, according to an internal memo seen by Bloomberg on Friday. He will help run Citigroup’s M&A business alongside Kevin Cox, reporting to head of banking Vis Raghavan, and will split his time between New York and San Francisco.

A representative for Citigroup confirmed the contents of the memo.

Rajkovic ...