Jenn Landis rebuilt Citi’s Wall Street credibility. Her reward: CFO of a $22 billion business

Good morning. Jenn Landis always knew she’d want to return to a CFO role. After spending the past five years rebuilding investor confidence in Citigroup as head of investor and rating agency relations, Landis is getting that opportunity. Last week, Citi named her CFO of its Markets business that generated approximately $22 billion in revenue in 2025, and accounted for slightly above 40% of the firm’s net income. The appointment was part of a broader senior leadership reshuffle announced by CEO Jane Fraser and CFO Gonzalo Luchetti. Fraser’s chief of staff for the past five years, Margo Pilic, will become head of strategy, mergers and acquisitions, and investor relations, while Rafael Soeda, most recently chief operating officer for services, will become Fraser’s new chief of staff. Citi is combining strategy and investor relations under Pilic, bringing together functions that were previously separate. The bank said the move reflects the increasingly close link between shaping its strategy and communicating it to investors. In an internal memo, Fraser (No. 1 on the Fortune Most Powerful Women list) and Luchetti wrote that “recognizing and rewarding colleagues for their hard work and dedication is a huge priority for us; this is how we build the next generation of Citi leaders.” The leaders said they believe in giving people opportunities that “stretch their abilities and push them toward exciting new possibilities,” with the goal of rewarding them for successfully executing in their roles and to “build their breadth and depth for the future.” Since joining Citi in 2021 during a period of transformation and investor skepticism, Landis has rebuilt trust with investors and analysts through transparent communication and strong engagement, according to Luchetti. She also revamped the IR function, earnings processes and disclosures, helping lift buy ratings from around 45% to 85% and push the stock above $100 for the fir