Citi follows rivals with capital markets overhaul

Citigroup has become the third investment bank this month to outline plans to combine its equity and debt capital markets origination divisions under one roof, as banks seek to increase efficiency and collaboration between businesses.

In an internal memo seen by Financial News, Jamie Forese, chief executive markets for Citigroup’s institutional clients group, named his new co-heads of capital markets origination for the Americas, Europe, the Middle East and Africa, Asia-Pacific and Japan.

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