Citigroup to Exit Global Distressed Debt Business & Municipal-Bond Trading Operations, Citigroup with 240,000 Employees Announced Job Cuts & Management Changes in November 2023

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Citigroup to Exit Global Distressed Debt Business & Municipal-Bond Trading Operations, Citigroup with 240,000 Employees Announced Job Cuts & Management Changes in November 2023

21st December 2023 | Hong Kong

Citigroup has been reported to be exiting the global distressed debt business and the municipal-bond trading operations.  In December 2023, Citigroup is offering early partial bonuses for executives to leave Citi including keeping their deferred stock awards. In November 2023, Citigroup with 240,000 employees was reported to be announcing job cuts & management changes, having announced 5 new senior management structure in 5 key businesses to speed up decision-making & reporting to Citigroup CEO Jane Fraser in September 2023.

“ Citigroup to Exit Global Distressed Debt Business & Municipal-Bond Trading Operations, Citigroup with 240,000 Employees Announced Job Cuts & Management Changes in November 2023 “

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Citigroup Offers Early Partial Bonuses for Executives to Leave Citi Including Keeping Deferred Stock Awards, Citigroup with 240,000 Employees Announced Job Cuts & Management Changes

14th December 2023 – Citigroup is offering early partial bonuses for executives to leave Citi including keeping their deferred stock awards. In November 2023, Citigroup with 240,000 employees was reported to be announcing job cuts & management changes, having announced 5 new senior management structure in 5 key businesses to speed up decision-making & reporting to Citigroup CEO Jane Fraser in September 2023.  Shahmir Khaliq was appointed as Citi Head of Services, Andrew Morton as Head of Markets, Peter Babej as Interim Head of Banking, Andy Sieg as Head of Wealth, and Gonzalo Luchetti as Head of US Personal Banking.

Citigroup with 240,000 Employees to Announce Job Cuts & Management Changes, Announced 5 New Senior Management Structure in 5 Key Businesses to Speed Up Decision-Making & Reporting to CEO Jane Fraser in September 2023

18th November 2023 – Citigroup (18/11/23: $86.8 billion market value) with 240,000 employees is reported to be announcing job cuts & management changes, having announced 5 new senior management structure in 5 key businesses to speed up decision-making & reporting to Citigroup CEO Jane Fraser in September 2023.  Shahmir Khaliq was appointed as Citi Head of Services, Andrew Morton as Head of Markets, Peter Babej as Interim Head of Banking, Andy Sieg as Head of Wealth, and Gonzalo Luchetti as Head of US Personal Banking.

Citigroup Announces 5 New Senior Management Structure in 5 Key Businesses to Speed Up Decision-Making & Reporting to CEO Jane Fraser, Shahmir Khaliq as Head of Services, Andrew Morton as Head of Markets, Peter Babej as Interim Head of Banking, Andy Sieg as Head of Wealth, Gonzalo Luchetti as Head of US Personal Banking

16th September 2023 – Citigroup has announced 5 new senior management structure in 5 key businesses to speed up decision-making & reporting to Citigroup CEO Jane Fraser, with Shahmir Khaliq appointed as Citi Head of Services, Andrew Morton as Head of Markets, Peter Babej as Interim Head of Banking, Andy Sieg as Head of Wealth, and Gonzalo Luchetti as Head of US Personal Banking.

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