Overview
- An investigation by the Financial Times, based on more than a dozen sources, reports that Viswas Raghavan berated staff, used demeaning language, and drew complaints over years at JPMorgan.
- The FT says JPMorgan reviewed his behavior twice and cut his pay in one year, and it recounts a decade-old complaint over a sexist remark to new hires.
- After a 2024 leadership reshuffle signaled he had no long-term future at JPMorgan, Raghavan left and was hired by Citigroup days later with a reported $52 million package.
- Citigroup says its recruitment of Raghavan lasted over a month, involved senior leaders and the board, and it calls him a proven leader, with no new disciplinary action at Citi reported.
- Raghavan’s representatives dispute parts of the account, and colleagues have voiced concern because he is now seen as a potential successor to Citi chief executive Jane Fraser, raising governance and culture questions for the bank.