If Citi does not have a good market share of high net worth clients, and people are leaving CG anyway, I say there is definitely room for opportunity to see how they can grow in those areas. Good on them for recognizing this and doing something about it. I guess we will see what comes out of it.
You can read through their last earnings report. They have several changes in mind, this is merely one of them. NY Times also did a profile on Jane Fraser and detailed a bit of the digital banking work she did when she was the head of Latin America under Citi. Some of the work that she had done there she intends to extend to US as well.