Citi has appointed Viswas Raghavan as head of banking and executive vice chair, CEO Jane Fraser said in a memo Monday.
Raghavan will oversee Citi’s investment, corporate and commercial banking businesses, which is one of the company’s core units. He is expected to join this summer and will report directly to Fraser, the bank said.
Raghavan’s arrival also gives Citi a permanent figurehead for a unit that Peter Babej, previously Citi’s Asia-Pacific CEO, had been leading on an interim basis. Babej is expected to retire this year.
