Citigroup has scaled the M&A advisory ranking and displaced rivals on at least two recent deals. Vis Raghavan (Source: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

When Vis Raghavan heard that Citigroup Inc. Chief Jane Fraser was struggling to find someone to oversee investment banking last year, he called her with an audacious pitch: The London-based banker, whose star was dimming at Jamie Dimon’s JPMorgan Chase & Co., said he could work wonders for Citigroup’s franchise.

Fraser’s decision to hire him after just a few days of talks — including his quick flight to meet her in New York — appears to be paying off.

The hard-charging banker’s arrival last year has energized the division, pushing his team to relentlessly pursue deals while cutting underperformer

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