Citi has a new group of senior leaders joining its highest ranks.<\/p>\n
On Wednesday, the bank announced 276 managing directors, elevating the class of leaders to its highest rank below the C-suite.<\/p>\n
This year’s class includes 55 promotions in markets, 45 in banking, 40 in wealth, and 33 in services, the bank’s unit that helps clients manage and move money globally. The promotions reflect the firm’s strong year in the markets and its push to drive more growth from banking, wealth, and its unique services business<\/a> \u2014 all three of which have undergone major revamps in recent years.<\/p>\n The class is about 20% smaller than Citi’s last cohort of promotes \u2014 the 344 employees<\/a> it elevated to MD in 2024, the largest class since Jane Fraser became CEO. That group<\/a> leaned heavily toward markets, wealth, and tech roles. But the drop-off makes this the smallest MD class since 2020, when the bank promoted 241 people. In 2023, it announced 304 new MDs; in 2022, 331; and in 2021, 306.<\/p>\n “Their promotions arrive after a year that asked a lot from all of us as we raised our performance and pushed ahead on the work that will define Citi’s next chapter,” the executive management team members \u2014 including CEO Jane Fraser \u2014\u00a0wrote in an internal memo viewed by Business Insider.<\/p>\n “Each of these new MDs played a meaningful role in that progress. They led teams through a fast-moving environment, keep focus on what matters most and help turn strategy into action,” the memo continued, citing their contributions as helping to accelerate Citi’s “steps toward becoming an AI-enabled bank with smarter operations and a clearer foundation for growth.”<\/p>\n A Citi spokesperson told Business Insider that the number of promotions varies each year, “taking into account the firm’s skill and leadership needs, attrition, external hiring, and other relevant considerations.”<\/p>\n On Wednesday morning, Citi marked the annoucements with “roll call” gatherings across its business units \u2014 some in person, others remote \u2014 a tradition the bank has expanded in recent years. Members of the executive management team led a call with the newly promoted group to share advice, then held their own roll calls within their divisions to read the names aloud.<\/p>\n The promotions come as Citi continues a multiyear effort <\/a>to simplify its structure, strengthen risk and control functions, and invest in a large-scale tech turnaround<\/a>.<\/p>\n The bank’s strategy<\/p>\n The overhaul has reshaped its leadership<\/a> and reorganized significant parts of the bank. In recent years, Fraser brought on star executives like former JPMorgan dealmaker<\/a> Viswas Raghavan<\/a>, as executive vice chair, to turn the firm’s investment banking<\/a> operations around.<\/p>\n The firm has made significant gains in the past 12 months in sectors like investment banking \u2014 which saw a 23% year-over-year bump in fees to $1.15 billion in the third quarter \u2014 and its markets unit, which handles trading, experienced a 15% bump.<\/p>\n The new 2025 managing directors come from 21 countries and represent 32 nationalities, the bank said. Two-thirds are multi-lingual, and 30% have worked in at least two countries for Citi. They have a median of 16 years of experience at the firm, and 20 years in financial services overall. Twenty-three percent joined Citi through an early-career program, the bank added.<\/p>\n Nearly half \u2014\u00a0134, or almost 49% of the class \u2014\u00a0are based in North America; 18% in the UK; followed by nearly 10% in Japan, north Asia, and Australia. The rest are dispersed in other regions.<\/p>\n Below is the full list of Citi’s newly promoted managing directors.<\/p>\n Banking (45)<\/p>\n Ram Anand<\/p>\n Siddharth Bansal<\/p>\n Irina Berg<\/p>\n Aaron Bloch<\/p>\n Thomas Brancourt<\/p>\n Sarah Briddon<\/p>\n Matteo Casadei<\/p>\n Ricardo Celayeta<\/p>\n Varun Chokhani<\/p>\n Alexios Coscoros<\/p>\n Nick J Dragisic<\/p>\n Samuel H Eisner<\/p>\n Sascha Hahn<\/p>\n Thomas Holsten Leren<\/p>\n Jun Hong<\/p>\n Keng Huat Koay<\/p>\n Terry Koizou<\/p>\n Brian Krieger<\/p>\n Piotr Krupa<\/p>\n Jonathan Laycock<\/p>\n Minha Lee<\/p>\n Ryan Li<\/p>\n Menzi Lukhele<\/p>\n Christopher Marino<\/p>\n David Moreno<\/p>\n Koyu Mori<\/p>\n Victor Mourad<\/p>\n Janusz Nelson<\/p>\n Milan Ninkov<\/p>\n Daniel O’Czerny<\/p>\n Vineet Puri<\/p>\n Ifti Qurashi<\/p>\n Shirley Riches<\/p>\n Raimund Riedl<\/p>\n Alfonso Saturno<\/p>\n Michael Seidenfeld<\/p>\n Dhruv Sethi<\/p>\n Pei Pei Sim<\/p>\n Sam Sun<\/p>\n Steven Thompson<\/p>\n Nisheeth Ranjan Tripathi<\/p>\n Mimi Tse<\/p>\n Vineet Vetts<\/p>\n Stephen White<\/p>\n Saad Zaman<\/p>\n Chief Operating Office (7)<\/p>\n Babar Ahmed<\/p>\n Traci Brooks<\/p>\n Sheetal Chanderkar<\/p>\n David Noyce<\/p>\n Scott L Phillips<\/p>\n Brett Russo<\/p>\n Sana Sayed<\/p>\n Client (18)<\/p>\n Eugene Belostotsky<\/p>\n Vanessa Bernardino<\/p>\n Yogesh Bhatt<\/p>\n Tom Cerasoli<\/p>\n Nedra Nichelle Collins<\/p>\n Alexander Guffanti<\/p>\n Jeffrey Kurges<\/p>\n Eric O Ligan<\/p>\n Beata Manthey<\/p>\n Andre Mazini<\/p>\n Jyothi Narayanan<\/p>\n Caio Patricio<\/p>\n Monique Pollard<\/p>\n Vibhor Rastogi<\/p>\n Arthur Smith<\/p>\n Hana Uddin<\/p>\n David M Wollin<\/p>\n Kyna Wong<\/p>\n Enterprise Services and Public Affairs (1)<\/p>\n Rula Dajani<\/p>\n Finance (12)<\/p>\n Tristan Clark<\/p>\n Eric Haugk<\/p>\n Jai Maxwell<\/p>\n Diego Miyake dos Santos<\/p>\n Ney Peralta<\/p>\n Robert Sabochick<\/p>\n Watcharee Thitibordin<\/p>\n Ben Vance<\/p>\n Sharan Wadhwa<\/p>\n Hua Wang<\/p>\n Jon Warren<\/p>\n Matt Welsh<\/p>\n Global Legal Affairs & Compliance (17)<\/p>\n Maitane Arozena<\/p>\n Jonathan Barkey<\/p>\n Sandra Behar<\/p>\n Soumyajyoti Bose<\/p>\n Jessica Britton<\/p>\n Mark DeAngelis<\/p>\n Robert Ehrlich<\/p>\n Rick Gambs<\/p>\n Omar Gardu\u00f1o Chavero<\/p>\n Lindsay Gatto<\/p>\n Justin Marc Irwin<\/p>\n Bruno Kumi<\/p>\n Fiona Mahon<\/p>\n Valerie Nezianya<\/p>\n Abhimanyu Singh Poonia<\/p>\n Rahul Dev Sharma<\/p>\n Ann-Katrin Wilczek<\/p>\n Human Resources (3)<\/p>\n Victoria Hooker<\/p>\n Jacqueline Lucas<\/p>\n Marc Polinsky<\/p>\n Internal Audit (2)<\/p>\n Cedrick Parize<\/p>\n Amine Trifi<\/p>\n International (2)<\/p>\n Jay Jhala<\/p>\n Malcolm Munoz<\/p>\n Legacy Franchises (7)<\/p>\n Eduardo Allegre Marquez<\/p>\n Robert Baltazares<\/p>\n Alejandro D\u00edaz Romo<\/p>\n Larissa Gardu\u00f1o<\/p>\n Sreekanth Malisetti<\/p>\n Xavier Villalobos<\/p>\n Carlos Zamudio<\/p>\n Markets (55)<\/p>\n Omar Ahmed<\/p>\n Eric Bakkensen<\/p>\n Miles Patrick Bartholomew<\/p>\n Thomas Baud<\/p>\n Kanika Berry<\/p>\n Thomas Beviss<\/p>\n Stefania Calabretta<\/p>\n Alex Chiew<\/p>\n Sangini Chopra<\/p>\n Dominique de Peyrecave<\/p>\n Lindsay DeChiaro<\/p>\n Gaurav Dhingra<\/p>\n Matthew Doyle<\/p>\n Ryan Ellis<\/p>\n Michael Fielder<\/p>\n Troy Fraser<\/p>\n Brian Fugazy<\/p>\n Tom Gallagher<\/p>\n Ben Gardiner<\/p>\n Sean Garvey<\/p>\n Ting Guo<\/p>\n Tom Heslop<\/p>\n Kyle Higgs<\/p>\n Vito Hinora<\/p>\n Stuart Kaiser<\/p>\n Ryutaro Katano<\/p>\n Christina Keeler<\/p>\n Kemal Keskin<\/p>\n Ray King<\/p>\n Giovanni Laureri<\/p>\n Dessislava Lazarova<\/p>\n Hyungjoo Albert Lee<\/p>\n Sunny Li<\/p>\n Noah Mao<\/p>\n Liam McShane<\/p>\n Deepak Mehra<\/p>\n Loubna Moutai<\/p>\n Hooi Wan Ng<\/p>\n Truong Nguyen<\/p>\n Andrea Olivari<\/p>\n Sebastian Palacio<\/p>\n Jennifer Podurgiel<\/p>\n Yash (Shreyash) Priyank<\/p>\n Diana Ribeiro<\/p>\n Bryant Schlichting<\/p>\n Nagaraja Shenoy<\/p>\n Byungnoh Sohn<\/p>\n Zhengyuan Sun<\/p>\n Thomas Szelestey<\/p>\n Michael Tamburrino<\/p>\n Henrique Utrini<\/p>\n Mandakini Vadher<\/p>\n Sean Walsh<\/p>\n Tadeusz Wysocki<\/p>\n Timothy Young En<\/p>\n Risk Management (11)<\/p>\n Ritesh Bansal<\/p>\n Shivani Datadin<\/p>\n Matt Fleet<\/p>\n Christian James<\/p>\n Lauren Karfonta<\/p>\n Elizabeth McAlpine<\/p>\n Shilpa Saroha<\/p>\n Charles Tao<\/p>\n Shantanu Upadhyay<\/p>\n Natalia Villazan<\/p>\n Yoyo (Xiaotong) Yan<\/p>\n Services (33)<\/p>\n Leena Aich<\/p>\n Lorna Ballard<\/p>\n David Bartlett<\/p>\n Ignacio Capparelli<\/p>\n Valentina Chuang<\/p>\n Patricia Corregiari<\/p>\n Rubin Kiran Dave<\/p>\n Arpit Desai<\/p>\n Virginie Dhouibi<\/p>\n Katie Dilaj<\/p>\n Katherine Earl<\/p>\n Meng Wei Feng<\/p>\n Brian Gauvain<\/p>\n Ganas Govender<\/p>\n Ilyas Khan<\/p>\n Nimit Khare<\/p>\n Xin Lin<\/p>\n Aneesh Kumar Mahajan<\/p>\n Jared Mecham<\/p>\n John Murphy<\/p>\n Mick Murray<\/p>\n Tony Nanez<\/p>\n Caitlyn Oster<\/p>\n Christopher Piparo<\/p>\n Andrew Quan<\/p>\n Christopher Ravn<\/p>\n Christoph Rosemeyer<\/p>\n Ernesto Sarria<\/p>\n Shalin Shroff<\/p>\n Rufus Southwood<\/p>\n Rodrigo Takaku<\/p>\n Will Thorne<\/p>\n Tanya McKnight Williams<\/p>\n Technology & Business Enablement (15)<\/p>\n Zak Bahri<\/p>\n Katie Fontana<\/p>\n Rama Gontla<\/p>\n Shantharam Iyer<\/p>\n Prashant Jain<\/p>\n Daniel Jepp<\/p>\n Alina Kamat<\/p>\n Konstantine Kos<\/p>\n Rajiv Mirjankar<\/p>\n Viral Patel<\/p>\n Kevin Peel<\/p>\n Namita Saran<\/p>\n Bhagavathi Satchithanantham<\/p>\n Nikhil Shah<\/p>\n Elvis Veliz<\/p>\n U.S. Personal Banking (8)<\/p>\n Matthew DiPisa<\/p>\n Rohan D’Souza<\/p>\n Promiti Dutta<\/p>\n Patrick Gallagher<\/p>\n Paul Gawlik<\/p>\n Jess Lucas<\/p>\n Neri Neri<\/p>\n Dani Paul<\/p>\n Wealth (40)<\/p>\n Manuel Alvarez<\/p>\n Patricia Avallone<\/p>\n Zakir Banatwala<\/p>\n Duygu Baydur<\/p>\n Julie Bennett<\/p>\n Gunjan Bhatt<\/p>\n Boyko Botev<\/p>\n Analicia Gil Brocchetto<\/p>\n Asaad Chaudry<\/p>\n Benjamin Dx Choo<\/p>\n Angie Clardy<\/p>\n Vishal Desai<\/p>\n Jose Huerta<\/p>\n Ahmad Jamaleddine<\/p>\n Richard Jiang<\/p>\n Stephan Lanz<\/p>\n Jeanne Lee<\/p>\n Andrew Li<\/p>\n Sherlock Lou<\/p>\n Billal Malik<\/p>\n Megan Malone<\/p>\n Vikram Manik<\/p>\n Peter Manno<\/p>\n Morgan Morris<\/p>\n Sarah Wee Hian O<\/p>\n Stephen Pak<\/p>\n Avanee Vasant Patel<\/p>\n Darlene Yuting Patterson<\/p>\n Deborah Querub<\/p>\n Sebastian Rubano<\/p>\n Thomas Schlaus<\/p>\n Ash Shandilya<\/p>\n Vibhor Singh<\/p>\n Michael Squillante<\/p>\n Priya Sriskantharajah<\/p>\n Luca Vodini<\/p>\n Ivo Voynov<\/p>\n Richard Weintraub<\/p>\n John Whitelaw<\/p>\n RuiRui Zhu<\/p>\n","protected":false},"excerpt":{"rendered":"Citi has a new group of senior leaders joining its highest ranks. On Wednesday, the bank announced 276…\n","protected":false},"author":2,"featured_media":329313,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[3744,9190,28,270,167305,12554,5019,167308,3747,167309,167307,167306,53092,1432,6601,2394],"class_list":["post-329312","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bank","tag-banking","tag-business","tag-business-insider","tag-citi-names","tag-class","tag-firm","tag-leadership-need","tag-market","tag-more-growth","tag-new-group","tag-new-md","tag-promotion","tag-wealth","tag-wednesday","tag-year"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/329312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=329312"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/329312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/329313"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=329312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=329312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=329312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}