#citi

#citi

Citi has a new group of senior leaders joining its highest ranks. On Wednesday, the bank announced 276 managing directors, elevating the class of leaders to its highest rank below the C-suite. This year's class includes 55 promotions in markets, 45 in banking, 40 in wealth, and 33 in services, the bank's unit that helps clients manage and move money globally.

Varshney comes from IBM, where he was the head of data and artificial intelligence for the technology pioneer's consulting business. At Citi, he will report to Anand Selva, the bank's chief operating officer; and will work closely with the firm's chief technology officer, David Griffiths, to scale AI across the company, according to a memo sent to Citi employees on Tuesday morning seen by Business Insider.

Citi CEO Jane Fraser described Citi's Treasury and Trade Solutions (TTS) as 'a thing of beauty,' emphasizing its alignment with the bank's strengths in global reach and local insight.

We are focusing on accelerating our AI strategy-connecting teams and partners, prioritizing resources and expediting use cases across our businesses and functions.

Fintechs challenge traditional banks to innovate by focusing on client experiences, and collaboration with global banks like Citi can enhance cross-border payment systems.