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Meet the 12 dealmakers to make MD at Citigroup in Emea
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fnlondon.comCitigroup may have promoted more managing directors this year, but the route to the top for its dealmakers got tougher amid a squeeze on investment banking fees.
In its banking, capital markets and advisory business, 34 people made the cut in 2022, down from 51 a year earlier. Investment banking fees have tumbled by 42% from record highs in 2021, according to data provider Dealogic, and fewer dealmakers have made the upper ranks across Wall Street and European banks to announce promotions so far this year.
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