Citigroup Inc., the U.S. bank that cut unwanted assets 25 percent last year, should no longer be expected to offer clients unlimited financial services, chief executive officer Michael Corbat said.

“People shouldn’t want us to be everything to everyone,” the 53-year-old said in an interview with Bloomberg Television at the World Economic Forum in Davos, Switzerland. “We’ve gone through a pretty significant transformation. We’ve got the right business mix.”