Citi CEO: Restructuring, leadership, and empathy
In Good Company with Nicolai Tangen
Norges Bank Investment Management
4.7 • 236 Ratings
🗓️ 17 January 2024
⏱️ 45 minutes
🧾️ Download transcript
Summary
Jane Fraser is a leading figure in global finance and the first woman to head a major US bank. At Citigroup, she has been a force of change, steering the bank through big restructuring. In this episode, she delves into her strategies for steering a multinational bank, her vision for Citigroup's future, and the key traits of effective leadership.
The production team on this episode were PLAN-B's Pål Huuse and Niklas Figenschau Johansen. Background research was done by Sigurd Brekke with input from portfolio manager Frederik Thomasen.
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Transcript
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| 0:00.0 | Hi everybody and welcome to the podcast in Good Company. I'm Nicola Tangan and CEO of the Norwegian |
| 0:06.6 | Someone Wealth Fund. Today I'm going to speak to Jane Fraser, the CEO of Citigroup. Jane is one of the most |
| 0:12.5 | powerful women in global finance and she was the first CEO of a very big American bank. We own |
| 0:18.0 | almost 1% of city equivalent to 6 billion Norwegian crowner or 600 million dollars. |
| 0:23.6 | Now, a lot of stuff going on in city, big research swing and really interesting developments. |
| 0:28.5 | Tune in. |
| 0:42.1 | So I'm here in New York with Jane Fraser, one of the most influential women in global finance. |
| 0:48.2 | She is also the first woman who has led a major US bank and a city. She is doing a lot of changes, which we're going to talk about. And a few of you listeners know that for a global fund like us, |
| 0:53.4 | we also need a global custodian. |
| 0:55.2 | That's somebody who takes care of our shares. |
| 0:57.7 | And that's basically you. |
| 0:58.8 | So first of all, thank you so much for looking after us. |
| 1:01.4 | Thank you for putting your trust in City. |
| 1:03.5 | Very good. |
| 1:04.5 | Kick you off with the big picture. |
| 1:05.8 | What does the world look like now for you? |
| 1:09.2 | It is a challenging place at the moment. I think we see a very desynchronized |
| 1:14.7 | picture when you look at different parts of the world. I'm just back from being in Asia twice |
| 1:20.3 | and the last month was in Middle East and over on the West Coast. And you really get a sense of |
| 1:26.0 | different parts of the world are in very |
| 1:27.6 | different places from a macro perspective. |
| 1:31.3 | That said, I think the overriding theme for everyone at the moment is one of building resilience. |
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