Citigroup has appointed Drago Rajkovic as its new co-head of mergers and acquisitions (M&A), bringing on board an industry veteran with over three decades of experience in advisory services. Rajkovic, who previously held the role of global chairman of M&A at JPMorgan Chase, has an extensive background in facilitating high-profile corporate transactions. His deep expertise includes leading major deals such as Salesforce’s $8 billion acquisition of Informatica, among numerous others.
Rajkovic will officially join Citigroup in September, working in tandem with Kevin Cox, the bank’s other co-head of M&A. Together, they will lead the firm’s M&A division, with Rajkovic splitting his time between the bank’s offices in New York and San Francisco. His appointment signals Citigroup’s commitment to strengthening its advisory team at a time when the demand for M&A services continues to grow across various industries.
Citigroup’s decision to bring Rajkovic on board highlights the bank’s ambition to expand its footprint in the highly competitive M&A advisory market. The hire is seen as a strategic move to bolster the firm’s advisory capabilities, especially given Rajkovic’s impressive track record in executing complex and high-value transactions. His leadership at JPMorgan Chase was marked by several landmark deals, which have solidified his reputation as one of the most respected figures in the global M&A landscape.
For Citigroup, the addition of Rajkovic represents a step forward in enhancing its M&A advisory services, particularly as the firm seeks to attract more business from large corporations and institutional clients. In the rapidly evolving world of mergers and acquisitions, having a seasoned professional like Rajkovic at the helm is expected to enhance the bank’s ability to navigate complex negotiations and advise clients on strategic growth opportunities.
The move is also expected to have a broader impact on Citigroup’s overall strategy as it looks to grow its investment banking division. By bringing in a leader with such a rich history in high-stakes deals, Citigroup is poised to strengthen its position as a top-tier player in the global investment banking sector. Rajkovic’s extensive network of industry connections and his deep understanding of market dynamics are likely to be key assets as the firm pursues new business and expands its client base.
Overall, Drago Rajkovic’s appointment marks a significant shift for Citigroup, positioning the bank for greater success in the M&A space. His expertise, combined with the leadership of Kevin Cox, sets the stage for a more dynamic and competitive approach to mergers and acquisitions in the coming years.
