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The global head of Citigroup’s private banking arm and one of the top female executives to leave the company in a potential blow to chief executive Jane Fraser to grow the Division.

Ida Liu announced her departure from LinkedIn on Monday morning, but did not say where she was going. Her decision follows a string of other departures of senior women at the bank.

“Many careers are defined by accepting new challenges and opportunities, and this is the right time for me to use my real-world skills, leadership experience and exciting new approaches,” he wrote. -progress boldly,” Liu wrote.

CITI did not return a request for comment on Liu’s departure.

Liu’s exit will thin the limited number of high-ranking executives on Citi’s Org Chart under Fraser. While not on Citi’s executive team, Liu, along with Tasim Ghiawadwala, who runs Citi’s commercial bank, are the only female leaders there.

Citigroup Citigroup reorganized itself into five major business units a little over a year ago, all five run by men. Fraser’s 18-Member Executive Management Committee includes the only two female executives in addition to piece.

Liu’s departure follows other top-ranking Citi executives Tito Cole, who left in May, and Karen Peetz, who is due in 2023. Citi’s Citi is being replaced by Tim Ryan, a former chief executive of PWC, who is also the head of technology at CitI. Peetz was replaced by And Selva, who heads Citi’s Civil Division.

The departure also comes at a time when CITI is giving new emphasis to its core business. Liu, a former Deutsche Bank Investment Banker, left Wall Street early in his career to become an executive. He returned a few years later to CITI, leveraging his contacts to secure wealthy clients in the world of fashion, media and entertainment.

The bank named Liu Head of North American Private Bank in 2019, and head of the worldwide division for two years.

Liu reports to Andy Sieg, who was brought in a year and a half ago to turn around Citi’s Cuncuggling Division. Sieg emphasized asset management and moved to change how CITI paid private bankers – rewarding them for bringing in client records instead of what private bankers were paid regularly.

Sieg’s changes to the Division improved results but were accompanied by many senior departures. Revenue from Citi Wealth more than doubled last year to more than $1bn, the highest revenue since the unit began reporting results last year.

Last year, “was the change for wealth as we shifted our focus to investments, preferring client analysts”, Fraser told client analysts who analyzed the Comment Comment in Comment Comment Comment Comment Comment Comment Comment Comment Comment Comment Comment Comment “Here we see the big twist.”