Citigroup setting stage for first female CEO by naming Jane Fraser president

Pedro Gonçalves
clock • 1 min read

Citigroup has promoted Jane Fraser to president, its second-highest post, paving the way for her to succeed CEO Michael Corbat and become the first woman to run one of the largest US banks. Corbat said he tapped Fraser for the the role to make sure the bank is well positioned for the next decade and beyond. "I remain committed to leading our firm in the coming years and look forward to working even more closely with Jane in her new roles," the CEO said in a memo. Fraser will also replace Stephen Bird as the head of global consumer banking. Fraser has been with Citigroup for 15 y...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?