Finance

Citi Banking Head Raghavan Shakes Up Team in Hunt for Profit

  • Raghavan establishes new executive team in banking business
  • Chirico, Welter change roles in revamp of senior leadership
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Citigroup Inc. established a new Banking Executive Team to oversee its commercial and investment banking work under new head Vis Raghavan.

Raghavan, who joined Citi this year from JPMorgan Chase & Co., promoted John Chirico to co-head of corporate banking alongside its current chief, Jason Rekate, according to a memo seen by Bloomberg.