Jan 16 (Reuters) - Citigroup ( C/PN ) is cutting more jobs

this week to meet CEO Jane Fraser's expense goals, Bloomberg

News reported on Thursday, citing people familiar with the

matter.

Managing directors in the wealth and technology units are

leaving the firm and Citi is also axing people from a team that

compiles data and analysis on the bank's clients, according to

the report.

One of the senior exits included Shadman Zafar, the

bank's Dallas-based co-chief information officer, the report

added.

Citigroup ( C/PN ) did not immediately respond to a Reuters request

for comment.

A chunk of restructuring was completed last year after

Fraser presented a plan in late 2023 to increase earnings,

streamline operations and address long-standing deficiencies in

the bank's data governance and risk management.

The bank still expects to list Banamex, its Mexican unit, on

Mexico and U.S. stock exchanges this year. However, market

conditions and regulatory hurdles might delay the stock

floatation to 2026, Fraser told analysts.

In December, the bank concluded the separation of banking

companies that was needed for the listing.

Citi's stock surged 37% in 2024, outperforming the broader

banking index and the equity markets, as

investors cheered Fraser's efforts to transform the bank.

Citigroup ( C/PN ) beat estimates for fourth-quarter profit on Wednesday,

fueled by strength in trading and dealmaking.