UBS Group AG has recently appointed Gregor Feige as its new head of technology and communications equity capital markets, replacing his co-head Josh Li. This move was confirmed by sources familiar with the situation. Feige had previously worked at JPMorgan Chase & Co. as the co-head of Asia ex-Japan ECM before joining Citigroup in 2022.
Citigroup’s CEO, Jane Fraser, expressed optimism about the improving sentiment in the market earlier this month when she announced that Viswas Raghavan would lead the bank’s newly formed banking division. The hiring of Raghavan and Feige’s departure are part of Citigroup’s strategic moves to capitalize on the rebound in dealmaking activity.
The financial industry continues to undergo ongoing changes and movements, with companies adapting to market conditions and the importance of having the right talent to drive growth and performance. The addition of Feige to UBS and the internal restructuring at Citigroup reflect this competitive nature and the need for companies to stay ahead of the curve in order to succeed.
