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The shares are being given to him as part of the terms of his transfer to Citi in exchange for the securities he was supposed to receive from his former company, JPMorgan Chase & Co.
There is a seven-year reward period. In 2026, Raghavan will be eligible to claim the first bundle, which is estimated to be worth $11 million.
Raghavan began working at Citi in June of last year, but his hiring was announced in February. As part of the bank's September 2023 reorganization, Raghavan was given direct reporting authority over the division that was created specifically for corporate and investment banking. This division was headed by Jane Fraser, CEO of Citi.
According to the Financial Times, the share he will earn from Citi is substantial even by Wall Street standards. The whole amount of his compensation, nevertheless, has not yet been made public.
source: bloomberg.com
There is a seven-year reward period. In 2026, Raghavan will be eligible to claim the first bundle, which is estimated to be worth $11 million.
Raghavan began working at Citi in June of last year, but his hiring was announced in February. As part of the bank's September 2023 reorganization, Raghavan was given direct reporting authority over the division that was created specifically for corporate and investment banking. This division was headed by Jane Fraser, CEO of Citi.
According to the Financial Times, the share he will earn from Citi is substantial even by Wall Street standards. The whole amount of his compensation, nevertheless, has not yet been made public.
source: bloomberg.com
