Citi's Leadership Shuffle: Mason's Departure & Fraser's New Role

Citis CFO, Mark Mason, is stepping down, with Gonzalo Luchetti taking over. Mason, a 25-year veteran, will leave by the end of next year. This change is part of a broader management reshuffle, including dividing the US consumer bank and promoting Jane Fraser to board chair. Fraser received a $25 million bonus, and Citis stock has surged, indicating investor confidence in the banks future direction.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.