08:07 AM EDT, 08/08/2025 (MT Newswires) -- Citigroup ( C ) has appointed Guillermo Baygual as co-head of its mergers and acquisitions unit, Reuters reported Friday, citing an internal memo.

Baygual joins from JPMorgan Chase ( JPM ) , where he spent more than 25 years, most recently serving as global co-head of the bank's infrastructure and strategic investors group, the report said.

JPMorgan Chase ( JPM ) confirmed Baygual's departure in an email to MT Newswires.

Citigroup ( C ) did not immediately respond to requests for comment from MT Newswires.

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