- Citigroup announced a major reorganization on Wednesday that trims management layers, giving CEO Jane Fraser more direct oversight over its businesses as she aims to boost its profit and share price.SHAHMIR KHALIQ, SERVICES
Morton started out as an academic in mathematical finance. He co-authored the literature behind the Heath-Jarrow-Morton Model on bond pricing. PETER BABEJ, BANKING The interim head of banking was previously the CEO of Citi Asia Pacific, a role in which he helped expand its institutional and wealth management businesses across the region.