Citigroup's incoming chief executive, Jane Fraser, has started to make her mark on the firm — overhauling the unit that manages money for wealthy customers.
The US bank has created a new global wealth unit, which will be led by Jim O'Donnell, formerly the bank's global head of investor sales and relationship management, according to an internal memo seen by Financial News. The new division will combine its private bank and its consumer wealth organisation, which manages money for less affluent customers.
