Paco Ybarra, a long-serving Citigroup executive who leads its institutional clients group, is stepping back from the US bank after nearly four decades. Ybarra, who has worked at the bank for 36 years and leads its biggest business line, is leaving the bank next year in the most significant exit since Jane Fraser took the reins in March 2021.

Kirkland & Ellis London M&A partner Roger Johnson was asked to leave the US law firm after news leaked that he was in talks with a rival, according to people familiar with the situation. Private equity deals lawyer Johnson was one of Kirkland’s top partners in London. He joined the firm from Linklaters in 2015 as the US firm looked to muscle into the private equity M&A space in the City.