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‘Everyone is quite shocked’: Citigroup’s hire of JPMorgan’s Vis Raghavan signals a shift at both banks

Citi has taken on JPMorgan's top dealmaker to lead its banking unit. There are close parallels between the two bank's approaches

By Paul Clarke
Vis Raghavan will leave JPMorgan after 24 years, ushering in a new generation of leaders
Vis Raghavan will leave JPMorgan after 24 years, ushering in a new generation of leaders Photo: Getty Images

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Citi’s hire of Vis Raghavan to lead its banking business signals an increase in ambition at the Wall Street firm’s dealmaking unit, but also shows a shift at JPMorgan as a new generation of leaders takes the helm.

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