Citi's new banking head Viswas Raghavan begins as CEO hails his 'intensity'
Viswas Raghavan joined Citigroup as its new head of banking this week in New York, the lender said on Tuesday, after it hired the former head of investment banking from JPMorgan earlier this year.
Lok Sabha Election Results 2024 Live Updates
Lok Sabha Elections: The biggest winners of the day
The surprising upsets and the biggest losers
Citi's CEO Jane Fraser has expressed high hopes for Raghavan, who climbed JPMorgan's ranks from capital markets, as she seeks to turn around the bank and revitalize its division catering to multinational corporations.
In a Linkedin post on Tuesday, Fraser welcomed the new executive and shared a photo with him at Citi's headquarters. «His decision to join Citi reflects our ability to attract the best talent,» she wrote.
The CEO told shareholders in April she was delighted to welcome Raghavan and added, «we look forward to the added intensity he will no doubt bring.»
Raghavan was described by two sources who worked with him as a demanding manager, with one noting his confident style. They declined to be identified discussing personnel matters. Citi declined to comment.
Raghavan previously served as JPMorgan's CEO in the Europe, Middle East and Africa (EMEA) region, while also leading its investment and corporate banking and treasury services in the region. After joining JPMorgan in 2000, he held senior roles in debt and equity capital markets.
The executive grew up in India and has bachelors degrees in physics from the University of Bombay and electronic engineering
