Jane Fraser Accelerates Citi’s Simpler Global Banking Footprint

A multi-year cleanup reaches a new phase

Jane Fraser, chief executive of Citigroup, is moving the bank through another stage of its simplification plan, exiting non-core consumer markets and investing in services used by multinational companies. The strategy is designed to lower operational risk and make results easier for investors to track.

Global impact of a leaner Citi

Fraser’s exits have reshaped local banking competition in several countries while Citi doubles down on treasury, trade, and capital-markets work that crosses borders. Employees have been shifted into technology and compliance roles that regulators have flagged as priorities.

As one of the few women running a global systemically important bank, Fraser’s execution is a benchmark for large-scale turnarounds in finance.