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Viswas Raghavan joins Citigroup as head of Banking
With experience in investment, corporate, and commercial banking, Raghavan will head one of Citi's five primary businesses in his role.
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Viswas Raghavan appointed as Head of Banking at Citigroup / (Image - Citigroup logo)
“The experience Raghavan brings in banking and as EMEA CEO makes him the perfect partner to lead the Cluster and Banking Heads across Citi’s global network,” CEO of Citigroup Jane Fraser wrote.
Citigroup has appointed Viswas (“vis”) Raghavan, an Indian American executive from JP Morgan, as its new head of banking and executive vice chair. He will report to CEO Jane Fraser and is anticipated to join the new role this summer.
With experience in investment, corporate, and commercial banking, Raghavan will head one of Citi's five primary businesses in his role.
“He will support me on important strategic initiatives and help formulate and implement Citi's company-wide strategy. He will become a member of the Citi Foundation Board of Directors and the Citi Executive Management Team. Vis is a proven leader and his appointment is another example of our ability to attract the best talent to our firm,” Fraser said in a memo to the bank's employees.
“I couldn’t be more excited to welcome Vis to our firm. He is a strategic leader who brings a strong track record of delivering results across a global banking business,” Fraser added.
Raghavan comes from JP Morgan, where he was co-head of global investment and corporate banking since 2020, and most recently held the position of head of global investment banking.
Since joining JP Morgan in 2000, he has held prominent positions in the company's worldwide debt and equity capital markets. In 2012, he was named head of treasury services, corporate banking, and EMEA investment.
Raghavan was born and raised in India. He graduated with a BSc in Physics from Mumbai University and an honorary doctorate in electronic engineering and computer science from Aston University (Birmingham, UK). He also serves the Institute of Chartered Accountants in England and Wales as a chartered accountant.
"He is the right person to take over at this critical moment for our Banking franchise. Since first announcing the structural changes last year that established our Banking & International organization, we have begun to operate more efficiently and have strong momentum with clients,” Fraser said of Raghavan.
“He will also work closely with David Livingstone and our Vice Chairs in the Client organization to ensure we are delivering a consistent and disciplined client strategy,” she added.
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