Senior sales executive Conor Davis leaves Citigroup as CEO Jane Fraser restructures, aiming to cut 20,000 roles and save $2.5B.

Conor Davis, a senior sales executive at Citigroup's trading unit, is set to depart as CEO Jane Fraser pursues an extensive restructuring. Davis managed sales and relationships with hedge funds and key institutional clients. Citigroup plans to cut 5,000 jobs by Q1, aiming for a total reduction of 20,000 roles and saving $2.5B in expenses to boost returns and raise stock price.

February 23, 2024
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