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In Good Company with Nicolai Tangen

Citi CEO: Restructuring, leadership, and empathy

In Good Company with Nicolai Tangen

Norges Bank Investment Management

Norges Bank, Nicolai Tangen, Business, In Good Company

4.7236 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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