Citi Appoints Gutiérrez-Orrantia as Europe Banking and Cluster Head Amid Restructuring

Nacho Gutiérrez-Orrantia, one of Citi’s (C.N) most senior bankers in Europe, will become banking and cluster head for Europe as part of its planned restructuring, the banker told Reuters on Monday.

The latest step in the bank’s reorganisation was announced on Monday, with Citi’s CEO, Jane Fraser, saying that “the actions we’re taking to reorganize the firm involve some difficult, consequential decisions” according to a memo sent to staff and seen by Reuters.

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