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Citi hands banking boss Raghavan $22.6m as former JPMorgan dealmaker looks to bolster returns

Investment Banking Editor

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Citigroup handed former JPMorgan banker Vis Raghavan $22.6m for 2024, making him the second highest paid executive as he attempts to turn its investment bank around. 

Raghavan, who was hired by Citigroup in February last year, received a cash bonus of $8.8m for 2024, a figure that exceeded chief executive Jane Fraser’s $5m, according to a newly-released proxy statement from the bank. 

Raghavan was the second highest paid executive at Citi last year

Paul Clarke

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