Finance
Citigroup’s Fraser Weighs Executive Reshuffle Following Ybarra Exit
- CEO also considers adding consumer chief Luchetti to top team
- With moves, Citigroup would scrap reliance on two core units
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Citigroup Inc. Chief Executive Officer Jane Fraser is weighing an overhaul of the firm’s most powerful committee of decision makers as she seeks to simplify the Wall Street giant.
The CEO has discussed adding executives including Andy Morton, who leads the trading division, and Shahmir Khaliq, who runs treasury and trade solutions, to her executive-management team in coming months as longtime deputy Paco Ybarra prepares to leave, according to people familiar with the matter. She’s also considering moving Gonzalo Luchetti, who leads the US personal-banking division, to the top committee, the people said, asking not to be identified discussing private matters.