Citigroup has expanded its senior leadership in both technology investment banking and its Asia macro division, hiring two experienced executives from JPMorgan Chase as part of a broader push to boost its global banking business.

Pankaj Goel, who was most recently global chair of technology investment banking at JPMorgan, has joined Citigroup to co-lead its technology investment banking division. Goel brings more than twenty years of technology experience to the role and will work alongside Mark Keene, who joined Citi in 2019 as head of technology investment banking. The appointment was confirmed in a memo signed by Jens Welter, Citi's head of North America investment banking as seen by Reuters.

Goel’s recent deal experience includes advising on Altair's $10.6 billion sale to Siemens AG, Altium's $6 billion sale to Renesas, and an $11 billion joint venture between Intel and Apollo. His hire is the latest in a series of high-profile appointments at Citigroup, which recently brought in Bernal Vargas from JPMorgan to lead its equity capital markets division in North America and David Friedland from Goldman Sachs as co-head of North America investment banking coverage.

In Asia, Citi has filled a key vacancy by hiring Anand Goyal, previously JPMorgan’s head of APAC MacroX and real money sales, to lead its Asian macro business. Goyal, who joined JPMorgan as an associate in the technology team in 2004 and rose to managing director in 2023, will report to Cecile Gambardella, Citi’s Hong Kong-based head of markets sales, and Sam Hewson, head of FX sales in London. Goyal replaces Matt Long, who left Citi in April.

Citi’s moves to attract senior talent from JPMorgan underscore the competitive environment for banking expertise and the expectation of increased deal activity in the technology and macro sectors. According to reporting from multiple sources, JPMorgan made efforts to retain Goyal with a significant counteroffer, but Citi ultimately secured his appointment.

The appointments reflect Citigroup’s ongoing strategy to strengthen its investment banking and markets business through targeted hires and leadership changes.

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