Top Citi Banker Sees Deals Pick Up in Sign Slump is Nearing End

Citigroup Inc.’s David Livingstone said his firm’s underwriters and dealmakers have seen a pick-up in activity this year as corporate chiefs around the world have adjusted to higher interest rates.

The Wall Street giant is beginning to see “green shoots” of merger-and-acquisition activity emerging, according to Livingstone, who was named Citigroup’s chief client officer last year in Chief Executive Officer Jane Fraser’s broad overhaul of the company. He previously led the company’s business across Europe, the Middle East and Africa.

“If you look at the beginning of this year it’s been a very very busy period, particularly in debt ...