Citigroup Names Luchetti as CFO; To Reorganize U.S. Personal Banking — Update
By Kelly Cloonan
Citigroup appointed a new chief financial officer and is also reorganizing its U.S. personal banking business, including making its U.S. consumer cards business a standalone unit.
The New York bank on Thursday named Gonzalo Luchetti as its next CFO, promoting an internal hire who has been with the company since 2006.
Luchetti will succeed Mark Mason in early March, Citi said. Luchetti has led Citi's U.S. personal banking division since 2021, and previously held a variety of finance and strategy roles at the bank.
Mason has been CFO since 2019, joined Citi in 2001. Upon transitioning out of Citi's top finance role, he will become executive vice chair of Citi and senior executive adviser to Chief Executive Jane Fraser. He intends to pursue leadership opportunities outside of Citi by the end of next year, the company said.
As part of the changes to its U.S. personal banking business, Citi will create a new standalone unit, U.S. Consumer Cards, which will include both its Branded Cards and Retail Services businesses. The unit, one of Citi's five core businesses, will be led by Pam Habner, who has been head of branded cards and lending at Citi since 2020. She will also become a member of the firm's executive management team.
Other parts of the U.S. personal banking business, including retail banking and U.S. Citigold, will be folded into its wealth business. Various relationship tiers under that unit -- U.S. Everyday Banking, Citi Priority, Citigold and Citigold Private Client -- will fall under the leadership of Kate Luft, who will become head of U.S. retail banking and Citigold.
The bank said that integrating these businesses under wealth will help it realize more synergies across relationship tiers, unify management of its consumer deposit taking franchises and allow for better strategic decision making about investment priorities and in other areas.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
November 20, 2025 17:15 ET (22:15 GMT)
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