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3 execs are leaving Citi for crypto or fintech. Will it be a turnover trigger for the bank?

March 14, 2022

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March is turnover season. Banks have doled out their year-end bonuses. Bankers reevaluate their prospects. Some jump.

So the departure late last week of three Citi executives in two separate announcements may not measure more than typical annual flight.

Then again, departures come in waves, often triggering other moves along the way.

It was around this time last year when the chief executive and head of large partnerships at Goldman Sachs’ Marcus left to take executive roles at Walmart’s fintech startup. Within days, news of other departures rippled through the investment bank — a co-head of asset management here, the general counsel there.

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