Investment Banking

Inside Citigroup’s most mysterious business

An investor day on 18 June will highlight the hidden value of its financial pipes

Citi Services makes up half of Citigroup’s total profits
Citi Services makes up half of Citigroup’s total profits Photo: Juan Cristobal Cobo/Bloomberg News

One of Citigroup’s oldest businesses is finally ready for its close-up. 

For decades, Citi Services has moved money around the world for companies and safeguarded big investor assets. The division, one of five lines of business, makes up half of Citi’s total profits and is crucial to chief executive Jane Fraser’s turnaround plan.  

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