Posted inPeople Moves

Citi taps JPM for head of banking and vice chair

Viswas Raghavan will have responsibility for investment, corporate and commercial banking globally.

As executive vice chair of Citi, Viswas Raghavan will help shape and drive the US bank’s firm-wide strategy and assist with key strategic initiatives. He replaces Peter Babej who announced his retirement last year.

“Vis is a proven leader and his appointment is another example of our ability to attract the best talent to our firm. As head of banking, Vis will lead one of our five core businesses, with responsibility for investment, corporate and commercial banking, said Citi CEO Jane Fraser, in a statement.

He joins from J.P. Morgan, where he was head of global investment banking. Raghavan (pictured) was also co-head of global investment and corporate banking, head of EMEA investment and corporate banking and treasury services before that role.

In addition to his global banking responsibilities, Raghavan has at the same time been serving as CEO of J.P. Morgan in EMEA since 2017. In that role, he worked with the bank’s senior country officers and business heads to deliver for clients across all lines of business.

The appointment is another senior hire from outside Citi. In September 2023, Andy Sieg joined Citi from Merrill Lynch to run the firm’s wealth business.

Part of the Mark Allen Group.