Jenn Landis has been appointed CFO of Citigroup’s Markets business, which generated approximately $22 billion in revenue in 2025 and accounted for just over 40% of the firm’s net income, Citi announced last week. The move is part of a broader senior leadership reshuffle led by CEO Jane Fraser and CFO Gonzalo Luchetti, aimed at strengthening the bank’s strategic and financial leadership.
Landis, who spent the past five years rebuilding investor confidence in Citigroup as head of investor and rating agency relations, will now oversee the financial operations of the Markets division. Alongside her appointment, Margo Pilic, Fraser’s chief of staff for five years, was named head of strategy, mergers and acquisitions, and investor relations, while Rafael Soeda, former chief operating officer for services, became Fraser’s new chief of staff. The reshuffle reflects Citi’s effort to align strategy with investor communications more closely.
The Markets business, which Landis will now manage financially, is a critical revenue driver for Citi, contributing significantly to the bank’s overall profitability. The leadership changes come amid a broader industry focus on integrating strategy and investor relations functions, a move Citi believes will enhance transparency and investor confidence. CEO Jane Fraser and CFO Gonzalo Luchetti emphasized the importance of recognizing and promoting talent to build the next generation of Citi leaders.
In an internal memo, Fraser and Luchetti highlighted their commitment to providing opportunities that challenge employees and foster growth. This leadership transition marks a key step in Citi’s ongoing efforts to strengthen its market position and investor relations ahead of its next earnings release scheduled for August 5. The reshuffle underscores the bank’s focus on strategic alignment and financial stewardship within its core business units.