A plan in Asia for Citi’s Fraser

Citi’s new CEO Jane Fraser set out her vision statement this week. It was solid stuff, but Euromoney suggests some bolder moves for the US bank in Asia, including a secondary local listing, and the creation of a new position of co-CEO, to be installed in a region vital to the bank’s future.

The future, Jane Fraser said on Monday, is “already here”. It is – and it is Asia.

In her incoming message, Citi’s new CEO talked up the need to adapt to a rapidly evolving world and to transition to a model that unlocks long-term value.

She went long on ESG and sustainability, dotted her script with values-based messages and committed the US bank to hitting net-zero emissions by 2050.

But was a far bolder mission statement begging to be made? The first woman to run a big Wall Street bank could have put Asia at the heart of her speech.

Thanks for your interest in Euromoney!
To unlock this article: