Citigroup (C.US) appoints Gonzalo Luchetti as the new CFO and adjusts its US retail banking business.

On November 20th, Citigroup announced that Gonzalo Luchetti will become the company's new Chief Financial Officer (CFO) starting in March 2026. Additionally, Retail Banking and Citigold will be integrated into Citigroup's wealth management business. Luchetti will succeed current CFO Mark Mason, who will become the company's Vice Chairman and serve as a senior advisor to Chairman and CEO Jane Fraser. Retail Banking and Citigold will be managed by the US team for their day-to-day banking operations, including Citi Priority, Citigold, Citigold Private Client, and will be led by Kate Luft as the head of US Retail Banking and Citigold. This move aims to accelerate growth by achieving more synergies across relationship levels, while also streamlining the management of consumer deposit business.