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Citi CEO Fraser mulls revamp of bank’s biggest division

Institutional clients group could be disbanded as Paco Ybarra plans departure

CEO Jane Fraser is planning the most significant overhaul to Citi's structure since she took charge
CEO Jane Fraser is planning the most significant overhaul to Citi's structure since she took charge Photo: Drew Angerer/Getty Images

Citigroup boss Jane Fraser is reportedly mulling a significant change to the bank's structure that could see her take greater day-to-day control over operations.

Plans are afoot to split the bank's mammoth institutional clients group into three, with new reporting lines directly into Fraser, the Financial Times reports.

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