Citigroup awarded new banking chief, Viswas Raghavan, $41m in shares as compensation for leaving JPMorgan Chase.
Citigroup granted its new banking chief, Viswas Raghavan, shares worth about $41 million to replace the compensation he gave up when leaving JPMorgan Chase. Raghavan, who reports directly to CEO Jane Fraser, received 623,838 shares as part of the award, vesting in six installments from January 2026 through 2031 and not eligible for immediate sale. Citigroup's shares have increased 39% in the past year, mirroring gains at rivals like Bank of America, Wells Fargo, and JPMorgan.
July 12, 2024
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