Citi names Margo Pilic head of strategy, M&A and investor relations in senior reshuffle

Citigroup on Wednesday named Margo Pilic as Head of Strategy, M&A and Investor Relations, part of a broader set of senior talent appointments announced by Chair and Chief Executive Jane Fraser and Chief Financial Officer Gonzalo Luchetti. Pilic, a 26-year Citi veteran, will report to Luchetti and will take on the strategy and M&A remit over the coming weeks, adding investor relations in August.

Combining the strategy and M&A role with investor relations “reflects the increasingly close connection between how we define our strategy and how we deliver to investors,” Luchetti said.

FIVE YEARS AS CHIEF OF STAFF

Pilic has served as Fraser's chief of staff since March 2021.

Fraser said in the memo that Pilic "has been at the center of all our firm has accomplished" during her time as chief of staff. She has been “a key thought partner for me on our strategy refresh, our reorganization and all the work we have done to transform our firm,” Fraser said.

BUILDING THE NEXT GENERATION

The memo also named Rafael Soeda, chief operating officer of the Services business, as Fraser's new chief of staff from early August, while Jenn Landis, head of investor relations, becomes CFO of the Markets business and Tim Karpoff, head of strategy and M&A since 2021, leaves at the end of June. Landis succeeds Fran Genesi, who retires in July, as Markets CFO.

Karpoff plans to formally join the voting-rights nonprofit he helped found, Citi said.

The appointments were set out in an internal memo from Fraser and Luchetti.