Pent-up demand for mergers and acquisitions (M&A) activity has been released by the election of Donald Trump, Citigroup CEO Jane Fraser said.
Fraser mentioned that Citigroup's clients are now focused on launching M&A activity after waiting for the right time.
There is a growing demand for M&A activity across industries as companies recognize the need to scale up for competition.
Citigroup is implementing a restructuring strategy and has recently made moves such as working on private credit deals and promoting its services business.