Viswas Raghavan Appointed Head of Banking and Executive Vice Chair at Citigroup

Citigroup’s latest appointment of Viswas Raghavan, an Indian American executive from JP Morgan, as the new head of banking and executive vice chair has been hailed as a strategic move by CEO Jane Fraser. Raghavan’s extensive background in banking, coupled with his role as EMEA CEO at JP Morgan, positions him as an ideal candidate to spearhead banking operations at Citi globally.

Fraser expressed her confidence in Raghavan’s ability, stating, “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.” This sentiment was echoed in Fraser’s memo to Citi’s employees, where she emphasized Raghavan’s role in driving strategic initiatives and implementing the company’s overarching strategy.

Raghavan’s tenure at JP Morgan, where he served as co-head of global investment and corporate banking before becoming head of global investment banking, underscores his leadership and expertise in the banking sector. His journey within JP Morgan, starting in 2000, saw him assume various significant roles, including head of treasury services, corporate banking, and EMEA investment.

Born and raised in India, Raghavan boasts a solid educational background, holding a BSc in Physics from Mumbai University and an honorary doctorate in electronic engineering and computer science from Aston University (Birmingham, UK). Additionally, he serves as a chartered accountant for the Institute of Chartered Accountants in England and Wales, further enriching his professional profile.

Fraser emphasized Raghavan’s pivotal role in advancing Citi’s banking franchise, especially considering the structural changes introduced last year. These changes, which established the Banking & International organization, aimed at enhancing operational efficiency and fostering stronger client relationships. Raghavan’s appointment aligns with Citi’s commitment to maintaining momentum and delivering consistent, disciplined client strategies.

In welcoming Raghavan to Citi, Fraser expressed her enthusiasm, highlighting his strategic leadership and track record of global banking success. She reiterated his significance in collaborating with David Livingstone and other Vice Chairs to ensure a cohesive client strategy and sustainable growth for the organization.