Good morning. Jenn Landis always knew she’d want to return to a CFO role. After spending the past five years rebuilding investor confidence in Citigroup as head of investor and rating agency relations, Landis is getting that opportunity.
Last week, Citi named her CFO of its Markets business that generated approximately $22 billion in revenue in 2025, and accounted for slightly above 40% of the firm’s net income.
The appointment was part of a broader senior leadership reshuffle announced by CEO Jane Fraser and CFO Gonzalo Luchetti. Fraser’s chief of staff for the past five years, Margo Pilic, will become head of strategy, mergers and acquisitions, and investor relations, while Rafael Soeda, most recently chief operating officer for services, will become Fraser’s new chief of staff.
Citi is combining strategy and investor relations under Pilic, bringing together functions that were previously separate. The bank said the move reflects the increasingly close link between shaping its strategy and communicating it to investors.
In an internal memo, Fraser (No. 1 on the Fortune Most Powerful Women list) and Luchetti wrote that “recognizing and rewarding colleagues for their hard work and dedication is a huge priority for us; this is how we build the next generation of Citi leaders.” The leaders said they believe in giving people opportunities that “stretch their abilities and push them toward exciting new possibilities,” with the goal of rewarding them for successfully executing in their roles and to “build their breadth and depth for the future.”
Since joining Citi in 2021 during a period of transformation and investor skepticism, Landis has rebuilt trust with investors and analysts through transparent communication and strong engagement, according to Luchetti. She also revamped the IR function, earnings processes and disclosures, helping lift buy ratings from around 45% to 85% and push the stock above $100 for the first time since 2008, he said.
“When I look back on my career, I was always up for a challenge, and transforming teams,” Landis told me about leading IR at Citi. “I was always curious, intellectually.” She continued, “It made sense for me to stay on to get the firm through the 2026 Investor Day, but I was very clear that I would really want to move to a CFO role, and markets would be the role I would ultimately want to do,” she said.
When leaving JPMorgan after almost 20 years to join Citi, she had never done an IR role before. At JPMorgan, she spent roughly eight years as a FIG investment banker covering banks and broker-dealers, before moving into corporate planning and analysis under then-CFO Marianne Lake—helping senior management think through strategy, capital allocation, and where to invest or exit businesses. She then served as CFO of JPMorgan’s middle markets banking and specialized industries division, a role she describes as bringing together everything she’d done previously: balance sheet and P&L ownership, strategic investments, and business management.
“The moment I went to be CFO, I knew that’s ultimately what I would want to do longer term,” she said.
Landis, who begins her new role in August, said In her first 90 days she plans to go deep into the markets business’s financials—balance sheet, P&L, and capital—with a particular focus on capital efficiencies and identifying where the business should continue to invest. She also wants to start thinking through how to present those financials in a way that better conveys the stability of the markets business to outside observers.
On the broader evolution of the role, Landis sees the CFO moving firmly in the direction of a strategic partner—a right hand to the business rather than a purely financial function.
Sheryl Estrada [email protected] *Quick note: Later this summer we’ll be publishing our third annual list of the 100 Most Powerful People in Business. Think you know someone who should make the list? Nominate them here! You can also learn more about our methodology and see last year’s list.
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