Jane Fraser
๐ค SpeakerAppearances Over Time
Podcast Appearances
Citi is larger in India today.
We are the largest foreign firm by revenues in India.
When I look at Korea, where I was just at, that's another market where we were the first foreign bank to open the doors in Korea.
And we have a very strong position there, supporting multinationals and clients.
So as I look around the world,
It's becoming more focused on diversification.
There is also a focus on reinvention.
What we are doing is helping provide the strategic advice.
We're helping provide the financing and structuring and arranging that.
And we're also helping manage the supply chain reconfiguration.
We're helping with the hedging in foreign exchange interest rates because volatility is a feature.
It's not a bug of the system.
You have the wrong story.
Citi is about growing.
We're very clear on our strategy and we're moving onwards.
We have been winding down, as many companies have been, the franchise in Russia.
We were waiting for the final approval to be able to sell.
We've got a couple more to go to Renaissance.
But it's a tiny business, so it's in the grand scheme of where Citi is, where we're investing and what we're doing.
It would be good to get that done, but it's not critical to the firm's strategy going forward.