Citi has appointed Ignacio Gutiérrez-Orrantia as Chief Executive Officer of Citibank Europe Plc. (CEP). Based in Dublin, Ireland, Citibank Europe Plc. is one of Citi’s largest legal entities and its primary banking subsidiary in Europe. As explained by the entity, Gutiérrez-Orrantia assumes this role in addition to his current position as Head of Cluster and Banking in Europe, a role he has held since November 2023.
As Head of Cluster and Banking in Europe, Gutiérrez-Orrantia is responsible for managing Citi’s client relationships across Europe, overseeing all businesses, and maintaining a strong risk and control environment. As CEO of CEP, a vital part of his role will be to lead Citi’s European banking subsidiary and foster strong relationships with European regulators.
Gutiérrez-Orrantia has also been appointed Vice Chairman and member of the Supervisory Board of Bank Handlowy w Warszawie S.A. (Citi Handlowy) (MC: 3.43 billion USD). Additionally, Natalia Bozek, CFO of CEP and Europe, and Fabio Lisanti, Head of Markets in Europe, have been appointed to the Supervisory Board of Citi Handlowy. Citi Handlowy, a subsidiary of CEP, is one of Poland’s largest financial institutions.
Gutiérrez-Orrantia has over 30 years of experience in financial services. He has been with Citi for 20 years and was recently co-head of Citi’s Banking, Capital Markets, and Advisory business in Europe, the Middle East, and Africa (EMEA), where he led a team of more than 2,000 bankers across 54 markets. During this time, he has led some of Citi’s largest investment banking transactions in the UK and EMEA.
Following this announcement, Ernesto Torres Cantú, Head of International at Citi, stated: “The appointment of Nacho as CEO of Citibank Europe plc, in addition to his responsibility as Head of Cluster and Banking in Europe, combines the growth of our client business in Europe with the responsibility of having industry-leading risk and control, and managing our European legal entities. Nacho’s leadership in these critical areas of our business will support our simplification plans and ensure his accountability for all our activities in Europe. He is an exceptional banker, highly respected for the advice and insights he provides to clients. His experience, combined with the strength of Citi’s global network and services, ensures that we are well-positioned to build on the positive momentum we are achieving in Europe.”
For his part, Nacho Gutiérrez-Orrantia added: “I am delighted to be appointed CEO of Citibank Europe plc. We have exceptional talent here and employ nearly 18,000 people. Citi has a great opportunity to deliver our unparalleled global network to our European and global clients. I am confident that we will be the leading international bank in Europe.” Citi has had a presence in Europe for over 100 years and operates in 24 countries in Europe, serving clients in 18 more.
