Citi Hires JPMorgan’s Raghavan as Head of Banking
- Raghavan is expected to start in summer, reporting to Fraser
- The division has struggled amid industrywide slump in deals
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Citigroup Inc. hired JPMorgan Chase & Co.’s Viswas Raghavan to lead its newly formed banking division, poaching from a key rival as Chief Executive Officer Jane Fraser presses ahead with the bank’s biggest restructuring in decades.