November 14, 2016 |
Latin America has been a site of transformation for Citi in recent years. Across most of the region, the institution is ditching a full-service model, focusing purely on corporate and investment banking (CIB) and divesting the consumer and retail businesses. The metamorphosis began several years ago, but Jane Fraser, who took over as Latin America chief executive in June 2015, has injected fresh energy to the changes. Brought in from a similar role at Citi’s US consumer and commercial banking business as Manuel Medina-Mora prepared to retire, Fraser radiates enthusiasm about the institution’s direction in LatAm. “We have a focus on our corporate and investment banking franchise whi
Citi is refining its focus as it rebalances its business in Latin America.