Citi hires Bank of America’s Rohan Sen to lead technology services banking

Citi hires Bank of America’s Rohan Sen to lead technology services banking

NEW YORK, Aug 3 (Reuters) – Citi has hired Rohan Sen from Bank of America  to lead coverage of the technology services sector, as the ​bank continues to bulk up its technology banking ranks, an internal ‌memo seen by Reuters showed.

In the memo, global co-heads of technology investment banking Pankaj Goel and Mark Keene said technology services is a “highly strategic” focus area globally, and ​described Sen’s appointment as an important milestone in Citi’s efforts to ​expand its technology banking franchise’

Sen joins Citi after 11 years at ⁠Bank of America, where he served as a managing director in the ​firm’s technology investment banking group in New York. He will be based in ​New York and report directly to Goel and Keene.

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“Rohan’s appointment is an important milestone in our ongoing strategy to expand our global Technology Banking franchise of which Technology service ​is a highly strategic focus area globally,” Goel and Keene wrote in ​the memo.

A Citi spokesperson confirmed the contents of the memo. A spokesperson for Bank of ‌America ⁠declined to comment.

The hire is the latest in a series of moves by Citi to strengthen its technology investment banking franchise. In July, it hired five managing directors for its U.S. technology investment banking business from rivals Bank ​of America, JPMorgan Chase ​and UBS, including ⁠Chris Groe, Florian Plath, Dhruv Fotadar, Anand Agarwal and Josh Sheets.

Citi this year also hired Anand Govind, the former ​chief financial officer of software company o9 Solutions, as ​a managing ⁠director in technology investment banking.

The bank’s technology investment banking expansion follows the hiring of veteran JPMorgan banker Pankaj Goel as co-head of technology investment banking alongside ⁠Keene ​in 2025, part of a broader effort to ​build out its investment banking franchise and compete for a larger share of advisory work across ​the technology sector.