Fraser pledged to maintain the hybrid work schedule on the executive’s quarterly call with the US bank’s managing directors in mid-January, according to people familiar with the matter. Citi is sticking with flexible work even as other bankers are upping their in-office mandates.

In a notable divergence from the banking industry's return-to-office trend, Citigroup (NYSE:C) CEO Jane Fraser said the lender will maintain its hybrid work model, according to a recent media report.