Citigroup has brought Viswas Raghavan on board with a compensation package estimated at around $52 million, a man who is known for his long tenure at JPMorgan Chase, where he built a strong reputation in global banking and capital markets. He worked on major deals and held leadership roles, making him a prominent figure within the firm. However, he was reportedly in the controversy at JPMorgan due to internal concerns tied to workplace conduct, including allegations of abusive behavior. Raghavan joined Citigroup in February 2024 as its head of banking, just days after JPMorgan informed him he had no long-term future at the firm, according to a report by the Financial Times.
In his 23-year tenure at JPMorgan, Raghavan played a key role in strengthening the firm’s position in European investment banking. He helped drive the bank’s growth beyond its US roots, rising through the ranks to become CEO of its Europe, Middle East, and Africa operations and eventually the sole head of global investment banking. Raghavan also earned the respect and loyalty of a close group of colleagues who saw him as a tough taskmaster who generated results, helping take the bank to the top of the European league tables.
After almost two years at Citi, the investment banker is positioned as one of the main contenders one day to succeed Fraser as CEO.
Vikas Kumar is Deputy Editor (Business) at Times Now driving coverage across policy, economy and markets. He possesses nearly a decade of experience i...View More
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