[Citigroup Poaches Another Executive from JPMorgan Chase, Hires Anuja Desai to Lead Ratings Advisory Business] According to a report by Jinse Finance, on July 7, Citigroup recruited JPMorgan Chase credit ratings advisor Anuja Desai, marking another instance in its recent hiring spree of senior bankers from competitors. An internal memo seen by the media reveals that Desai will join Citigroup in late September as Managing Director and Head of Ratings Advisory, based in New York. She will provide global clients with consulting on ratings strategies and work closely with various teams within the firm's investment banking division. Desai will report to David Friedland, Co-Head of North America Investment Banking. Since 2022, Desai has served as Managing Director of Ratings Advisory at JPMorgan Chase. A Citigroup representative confirmed the contents of the memo.