• Investment Banking

How Citigroup’s top European dealmakers are gunning for the ‘gold medal’ in turbulent market

The US-headquartered bank is looking to close the gap on its Wall Street rivals

Citi is on a four-year mission to displace JPMorgan and Goldman Sachs at the top of the fee league tables, having consistently finished in third place in recent years

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Citigroup’s investment bank in Emea has been through a series of reshuffles under new leadership this year, but its core ambition remains — overtaking its Wall Street rivals.

In December, the US-headquartered bank swooped on Jens Welter, Credit Suisse’s top banker in Europe, to co-head its investment banking business in Emea alongside Nacho...