Citigroup CEO Jane Fraser reorganizes business

Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.

Mike Blake | Reuters

Citigroup CEO Jane Fraser announced a corporate reorganization on Wednesday, saying it would remove management layers and accelerated decisions.

Fraser, closing in on her third full year atop Citigroup in March, said in a release that the firm’s five mains would report directly to her.

This is breaking news. Please check back for updates.


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