When Jim O’Donnell was made head of Citi Global Wealth (CGW) in January 2021, one of the first people he reached out to was Naz Vahid.
It made sense. O’Donnell had been tasked by incoming chief executive Jane Fraser with squeezing more out of Citi’s private bank and tapping its under-explored potential. The new wealth unit was Fraser’s plan to make it into a joined-up machine, instead of a jumble of often disconnected parts.
Vahid, a 37-year veteran of the US lender, had overseen one of these parts for the previous 12 years.
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