Citi hires Viswas Raghavan from JPMorgan as head of banking, CEO says in memo

Citigroup has appointed Viswas Raghavan from JPMorgan Chase as its new head of banking. Raghavan, who most recently served as JPMorgan's head of global investment banking, is expected to join Citigroup in the summer. The move comes as Citigroup undergoes its largest reorganization in decades and plans to reduce headcount by 20,000 in the next two years.
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