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Citigroup’s Latin America CEO Says Strategy Shift Is Paying Off

  • Jane Fraser says bank plans to boost investments in Mexico
  • Cash-management, lending businesses are also a focus for 2019
Jane Fraser speaks in Sao Paulo on Dec. 3.

Jane Fraser speaks in Sao Paulo on Dec. 3.

Photographer: Rodrigo Capote/Bloomberg

Citigroup Inc.’s sprawling outposts in Latin America shrank dramatically in the past two years as the bank sold off consumer operations in Brazil, Argentina and Colombia and its asset-management business in Mexico. That doesn’t mean Jane Fraser, who’s in charge of the region, spends less time traveling.

Asked where she calls home, Fraser joked: “Miami, on the weekends.”