Leaner, simpler and retail-free: Citi’s new international model

As Citi presses on with its consumer-banking exits around the world, the job of defining what its international network now represents falls to its newly appointed head of international, Ernesto Torres Cantú.

Citi is in the final straight of selling or closing its international retail banking network – the IPO of Banamex in Mexico, now scheduled for 2025, will be the final chapter in what has been a dramatic shift away from consumer banking in countries around the world.