Viswas Raghavan was hired by Citigroup as head of banking in February 2024, receiving a $52 million compensation package. This decision follows serious allegations of bullying and inappropriate behavior from his previous role at JPMorgan Chase.
Raghavan faced accusations of using harsh language and insults towards colleagues. He described his leadership style in crude terms, stating he would ‘grab them by the b***s.’ His conduct led to multiple internal reviews at JPMorgan, resulting in a pay cut due to behavioral concerns.
Colleagues at JPMorgan described him as a ‘bully’ with an explosive temper. Following a management reshuffle, he was informed he had no future at the firm. Citigroup defended its hiring process, emphasizing thorough reviews involving senior leadership.
Raghavan spent nearly 24 years at JPMorgan before moving to Citigroup. His hiring was announced just days after he learned of his exit from JPMorgan. He is viewed as a potential successor to Citigroup CEO Jane Fraser.
