Citi IBD results - Fraser delivering
Investment banking fees +13%
Market fees +16%
Wealth +20%
And most important ROTE on track to deliver 10% within next 1-3 years
Dimon owns the spotlight, but Fraser’s pulling off the hard pivot. Thoughts?
Feel like it’s Vis more than anything
Didn’t realise Vis was in charge of all divisions at Citi, but thanks for the valuable insight intern
Lol at anyone who thinks titles are legit in this site, not an intern. But should’ve specified in my initial comment I was referring to IB only lmao
He’s bringing his fair share of senior bankers from JPM
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Yeah don’t care. She’s still allowing hybrid and letting us work from home 2 weeks in August. Goated
What did the original comment say?
Love the enthusiasm but I think you’re a little off
Likely a trend we’ll keep seeing now that Vis is bringing in more senior bankers from JPM (hiring restrictions from JPM just expired). Big changes ahead with new head of financing for IBD, a new global co-head of ECM, a new co-head of M&A..
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