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Sep 29, 2023 · In 2021, when Jane Fraser, Citigroup’s chief executive, decided to end its two-decade-long struggle to run Banamex, Mexico’s fourth largest bank, and spin off the lender, she called from New...
Apr 18, 2024 · But a remarkable turnaround now appears under way. On September 13th Ms Fraser announced a restructuring. She later laid out plans to sack 20,000 people by the end of 2026, some 7,000 of whom have ...
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Sep 25, 2023 · Ernesto Torres Cantú was named Citi’s Head of International this year, overseeing the 100 territories outside of the U.S. Subscribe to the CFO Daily newsletter to keep up with the trends ...
- Eleanor Pringle
Sep 13, 2023 · The bank said the new international unit will be headed by Ernesto Torres Cantu, previously head of Citi’s Latin American operations.
Sep 13, 2023 · All non-North American businesses are consolidated under Ernesto Torres Cantú, the bank’s head of international. Fraser’s executive management team will now be 19 people in total.
- 9 min
- David Hollerith
Sep 25, 2023 · Citigroup chief executive Jane Fraser has warned the bank’s 240,000 employees it is time to sign up to her overhaul of the group or “get off the train” as she cuts jobs and hacks back the ...
Sep 13, 2023 · Fraser also consolidated management of non-U.S. businesses under Ernesto Torres Cantú. While the CEO has also pulled back on Citigroup's overseas presence, exiting more than a dozen markets...
