Overview
- Mark Mason will step down as CFO in early March 2026, serve as executive vice chair and senior executive advisor to Jane Fraser, and depart Citi by the end of 2026.
- Gonzalo Luchetti, currently head of U.S. personal banking, will become CFO after Citi files its 2025 year-end results in March 2026.
- Citi is narrowing U.S. personal banking to branded cards and retail services, renaming the unit U.S. Consumer Cards under Pam Habner, who will report to Fraser and join the executive team.
- The U.S. retail bank will move into the wealth business overseen by Andy Sieg, with Kate Luft leading U.S. retail banking and Citigold and reporting to Sieg.
- Management reaffirmed a 10–11% 2026 ROTCE target and linked the changes to recent revenue momentum, with an investor day set for May 7, 2026.