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Citigroup has hired top JPMorgan investment banker Vis Raghavan to be its new head of banking, a major hire by the US bank which rounds out its top management team following a restructure last year.
“Vis is a proven leader and his appointment is another example of our ability to attract the best talent to our firm,” Citi chief executive Jane Fraser said in a memo to staff on Monday.
Raghavan is the head of global investment banking at JPMorgan.
In his new role, Raghavan will run Citi’s investment, corporate and commercial banking operations.
This is a developing story
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