-
Lucrative sale of a subprime lending unit. Big credit card deal. Clear business plan. It's looking like a good year for Citi provided it passes the CCAR stress test this week and fills a key executive post.
March 10 - WIB PH
Jane Fraser is getting more fearless as times goes on. This realization inspired by her (almost) golf date with Tiger Woods is serving her well as she takes on a slew of new responsibilities at Citigroup.
September 22 -
Citigroup promoted Jane Fraser as head of U.S. consumer and commercial banking to succeed Cecelia Stewart, who plans to retire at the end of April.
March 6 -
CEO Michael Corbat's 13 reshuffled direct reports are all men — an extreme example of the gender gap that exposes banks to reputational and operational risks and charges of being out of touch.
January 11
Citigroup has named Stephen Bird, chief executive of its Asia-Pacific division, to head its global consumer bank as part of a broader shuffling of executives.
Bird, a 17-year veteran of Citi, will shift to the new position on June 1 and will be based in New York. Bird will replace Manuel Medina-Mora; Citi announced in February that Medina-Mora would retire.
Francisco Aristeguieta, CEO of Citi's Latin America division, will replace Bird as head of the Asia-Pacific region. Aristeguieta, who has been with Citi for 21 years, will move to Hong Kong.
Jane Fraser, head of Citi's U.S. retail, commercial banking and global mortgage business, will succeed Aristeguieta and will be based in Miami. Bird will announce Fraser's replacement after he assumes his new position.
Fraser will remain a member of Citi's operating committee and will now report to CEO Michael Corbat.
Ernesto Torres Cantu, head of Citi's Mexican bank, Banamex, will report to Fraser. Banamex
Corbat announced the personnel changes in a Monday letter to employees. The company distributed the letter to news outlets.
