Citi says final phase of organizational simplification concluded

Citi issued the following statement on the final phase of organizational simplification changes: “Today we shared with our colleagues that we have concluded the major actions that we announced in September 2023 that align Citi’s structure with our simplified operating model. While these decisions were not made easily, they have allowed us to strengthen how we run the bank and serve clients through enhanced connectivity and accountability. After having reset Citi’s strategy and undergone these consequential changes, we will continue to execute on our vision to be the preeminent banking partner for institutions with cross-border needs, a global leader in wealth and a valued personal bank in our home market and focus on our commitment to transform the company for the long term.”