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Her exit adds to the dwindling ranks of senior women at the firm as CEO David Solomon has failed to make good on his pledge to correct the lack of women in the firm’s top ranks.
The shortlist of candidates to run the roughly $490 billion portfolio includes Jonathan Grabel, CIO of the Los Angeles County Employees Retirement Association.
Raghavan is now set to take over Citigroup’s entire Wall Street operation as part of Jane Fraser’s company-wide overhaul aimed at honing profitability.