Conor Davis, one of the most senior sales executives at Citigroup Inc.’s trading unit, is leaving the Wall Street giant as Chief Executive Officer Jane Fraser pushes through a vast overhaul.
Davis, who oversees sales and relationships with hedge funds and other key institutional clients of Citigroup’s global markets unit, will depart over the coming weeks, according to the people, asking not to be identified as the details aren’t public yet. His exit is part of the lender’s efforts to simplify operations, one of the people said.