---
schema_version: "secwatch.filing_event.v1"
accession: "0001410578-23-001534"
form_type: "8-K"
ticker: "C"
cik: "0000831001"
company_name: "CITIGROUP INC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T10:24:57.966876+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Citigroup's ICG CEO Paco Ybarra to retire in H1 2024

## Summary
- Paco Ybarra, CEO of Institutional Clients Group, announced retirement effective first half of 2024.
- Exact retirement date to be determined; no successor named in the filing.
- Ybarra has led ICG, which houses Citi's trading and investment banking businesses.
- This is a planned retirement, not an abrupt departure.

## SEC filing metadata
- accession: 0001410578-23-001534
- form_type: 8-K
- ticker: C
- cik: 0000831001
- company_name: CITIGROUP INC
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831001/000141057823001534/0001410578-23-001534-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831001/000141057823001534/c-20230802x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001410578-23-001534
- JSON: https://secwatch.observer/filing/0001410578-23-001534.json
- Plain text: https://secwatch.observer/filing/0001410578-23-001534.txt

## Key facts
- Executive change
  Paco Ybarra departed as Chief Executive Officer of the Institutional Clients Group at CITIGROUP INC.
  - Action: retire
  - Role: Chief Executive Officer of the Institutional Clients Group
  source text: On August 2, 2023, Paco Ybarra, Chief Executive Officer of the Institutional Clients Group , announced that he plans to retire from Citigroup, Inc., effective in the first half of 2024 on a date to be determined.
  evidence_url: https://www.sec.gov/Archives/edgar/data/831001/000141057823001534/0001410578-23-001534-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.