Citi plans global revamp to focus on growth markets

03/12/2013 | International Financing Review (free content)

Citigroup CEO Mike Corbat, as part of a global overhaul, plans to shift resources from underperforming nations to countries where the bank is expanding. "These days, all banks have finite resources," said Jim Cowles, chief for Europe, the Middle East and Africa. "At Citi, we have prioritized countries we operate in, balancing where opportunities lie and where we are best positioned. We are focusing on what we do well and what our clients' needs are in each of our countries."

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