Ragbir appointed First Citizens deputy CEO

Sana Ragbir has officially stepped into the role of deputy chief executive officer of Business Generation at First Citizens, with her appointment becoming effective on July 6.

This move comes seven months after her initial acting appointment to the position concluded. Ragbir first assumed the acting role on August 22, following the promotion of the former deputy CEO, Jason Julien, to acting Group CEO. When Julien was later confirmed as the substantive CEO, Ragbir continued to act in the deputy CEO capacity. However, her acting tenure ended on December 31, and she returned to her substantive position as general manager of Retail and Commercial Banking on January 1.

During the interim period, Jason Julien retained responsibility for the Business Generation portfolio. The bank had been operating without a substantive deputy CEO since March 6, when Neela Moonilal-Kissoon resigned from her post as deputy CEO of Operations and Administration. This vacancy was previously highlighted as a concern by an anonymous whistleblower in a disclosure submitted in May under the company's Whistleblowing Policy.

Following the company's annual general meeting last month, First Citizens Group Financial Holdings Ltd chairman Shankar Bidaisee assured shareholders that the vacant deputy CEO positions would be filled. Ragbir brings over 20 years of experience in the financial services industry, including 12 years in senior management. Her qualifications include an executive development program at the Wharton School, an MBA from Columbia Business School, a Bachelor of Science degree from The University of the West Indies, and she is a Chartered Financial Analyst.