Citigroup’s Raghavan Reshuffles Corporate Banking Leadership

Citigroup Inc.’s Vis Raghavan is revamping the leadership of the firm’s corporate banking operations as the former JPMorgan Chase & Co. executive puts his stamp on the business.

Marcelo Marangon and Kaleem Rizvi will become co-heads of corporate banking, reporting to Raghavan, according to a memo seen by Bloomberg News. Marangon, who had been chief country officer for Brazil, will relocate to New York, while Rizvi will move to London. A Citigroup spokesperson confirmed the contents of the memo.