Established in 1998 through the historic merger of Citicorp and Travelers Group, Citi has roots dating back to the City Bank of New York, which was founded in 1812. This merger, valued at $70 billion, created one of the largest financial institutions globally.
The firm provides consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking, credit, corporate, investment banking, securities brokerage, transaction services, and wealth management. Citigroup operates with two major divisions: Institutional Clients Group (ICG), which offers investment banking and corporate banking services, as well as treasury and trade solutions (TTS) and securities services such as custodian banking; and Personal Banking and Wealth Management (PBWM), which includes Citibank, a retail bank, the third-largest issuer of credit cards, as well as its wealth management business. Citigroup total number of employees/professionals is 197,181. As of recent SEC filings, Citigroup's total assets reached approximately $2.64 trillion as of October 2025.
Recent Leadership News
In February 2026, the Compensation Committee of the Citigroup Inc. Board of Directors approved incentive compensation awards for 2025 performance to Citi's Chief Executive Officer (CEO) Jane Fraser. Citi's 2026 Investor Day on May 7 featured Chair and CEO Jane Fraser and senior leadership discussing the firm's strategy, performance, and path to sustainable returns.
Facts compiled by Executive Moves from publicly available news and press releases on 22 May 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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