Viswas raghavan biography of nancy

Viswas Raghavan is a great hire for Citigroup Inc. but, boy, does he have his work cut out to help his new employer along its road to renewal.

Raghavan is a 20-plus-year veteran of JPMorgan Chase & Co.

who held a string of senior leadership roles over the past decade, finishing up as head of global investment banking and chief executive officer for Europe, Middle East and Africa. He was well respected at JPMorgan, but its solid bench of leaders-in-waiting meant he wasn’t so hard to replace.

At Citigroup, Raghavan will run the banking division, the only business out of five that was left without a permanent head after last year’s restructuring by CEO Jane Fraser.

The unit covers advisory work on deals and fundraising alongside other corporate and commercial banking, but not the separately run financial markets trading business.

Fraser’s overhaul took out a layer of executives who sat atop two mega divisions, which contained the five main business lines.

The quint