Citigroup Hong Kong Investment Banker Jiang Is Said to Leave

Citigroup Inc. investment banker David Jiang is leaving the US lender as part of a recent round of layoffs, according to people familiar with the matter.

Jiang, a Hong Kong-based managing director and co-head of industrial deals in Asia, is departing as global banks seek ways to adapt to a slump in dealmaking, the people said. Prior to joining Citi in 2018, he had worked at UBS Group AG for more than eight years, his LinkedIn profile shows. He also had stints at Macquarie Bank and Deloitte.

Jiang and a representative for Citi declined to comment.

Citi may eliminate another ...