Citigroup has appointed Drago Rajkovic as co-head of its global mergers and acquisitions (M&A) division, marking another high-profile hire under the leadership of Viswas Raghavan. Rajkovic joins from JPMorgan Chase, where he most recently held the position of Global Chairman of M&A.
The appointment, outlined in an internal memo reviewed by Reuters, will see Rajkovic formally join Citigroup in September. He will co-lead the bank’s M&A operations alongside Kevin Cox, splitting his time between New York and San Francisco.
With more than 30 years of experience advising on complex, high-value transactions, Rajkovic brings a formidable track record to the role. His recent mandates include advising Salesforce on its $8 billion acquisition of Informatica and Hewlett Packard Enterprise on its $14 billion purchase of Juniper Networks.
Rajkovic’s hire reflects Raghavan’s ongoing strategy to strengthen Citigroup’s investment banking leadership since assuming his role as head of banking last year. Other notable additions include Achintya Mangla, another former JPMorgan executive, who joined the bank in September to lead its investment bank financing operations.
Citigroup reported a significant boost in investment banking fees in the first quarter of 2025, driven by an 84% year-on-year increase in M&A revenues. Key transactions this year have included advising Charter Communications on its $21.9 billion merger with Cox Communications and working with Boeing on the $10.5 billion divestiture of its Jeppesen flight navigation division to private equity firm Thoma Bravo.
“M&A continues to be super active – there’s a lot of dialogue, a lot of engagement,” Raghavan told investors earlier this month. “The debt market will be more a function of how the M&A market manifests itself, through acquisition financing.”
-Reuters
