NEW YORK (Reuters) -Citigroup ( C/PN ) hired Drago Rajkovic as its co-head of mergers and acquisitions from rival JPMorgan Chase ( JPM ), according to a memo seen by Reuters on Friday.
Rajkovic, who has more than three decades of advisory experience, was most recently global chairman of M&A at JPMorgan ( JPM ), according to the memo signed by Citi's head of banking Viswas "Vis" Raghavan, who is also a JPMorgan ( JPM ) alum.
Rajkovic will join in September and lead M&A alongside Kevin Cox, the memo added. Rajkovic will divide his time between New York and San Francisco.
His recent deals included the $8 billion acquisition of Informatica by Salesforce and the purchase of Juniper Networks by Hewlett-Packard Enterprise for $14 billion.