Gonzalo Luchetti has assumed the role of Chief Financial Officer at Citigroup, the United States global banking group, completing a leadership transition that was initiated when the company announced Mark Mason's intended departure in November 2025. Luchetti formally took up the CFO position on 2 March 2026, after Mason signed Citi's 2025 annual report on Form 10-K, filed on 20 February 2026.
Mason, who served as Citigroup's CFO through a period of significant strategic restructuring under Chief Executive Officer Jane Fraser, became Executive Vice Chair of Citi and Senior Executive Advisor to the CEO after stepping down from the position on 2 March 2026.
LUCHETTI'S BACKGROUND IN US PERSONAL BANKING
Prior to his appointment as CFO, Luchetti had been Head of U.S. Personal Banking since February 2021. He joined Citi in 2006 and previously led its consumer bank in Asia and EMEA, its Asia retail bank and its global wealth management and insurance business. Citi said that under his leadership the business delivered 12 consecutive quarters of positive operating leverage and a 14.5% RoTCE in the third quarter of 2025.
CFO TRANSITION WITHIN CITI'S BROADER TRANSFORMATION
The CFO handover took place as Citigroup continued its multiyear transformation. As part of its simplification, Citi removed its Institutional Clients Group and Personal Banking and Wealth Management layers in 2023, has been exiting consumer banking in 14 markets, and is managed through five reportable business segments.
Luchetti's appointment was announced on 20 November 2025, and Mason became Executive Vice Chair of Citi and Senior Executive Advisor to Chair and CEO Jane Fraser when the handover took effect. Citi said Mason would advise on strategic initiatives, including preparing the firm for its Investor Day, and that he intends to pursue leadership roles outside Citi by the end of 2026.
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