Citigroup announced that Jane Fraser will succeed Mike Corbat as Citigroup’s CEO. Fraser will be the first woman to lead a major US bank. Fraser’s promotion could create opportunities for more women leaders in finance. Most people are still biased to think of leaders as men. In 2019, just 21.9% […]
Fraser
Citigroup’s Jane Fraser Will Be The First Female CEO Of A Top-Tier Investment Bank
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Photographer: Kyle Grillot/Bloomberg © 2019 Bloomberg Finance LP Jane Fraser will be the first woman to hold the title of CEO at a major top-tier Wall Street bank. She will become the CEO of Citigroup after the current chief executive Michael Corbat officially retires in February 2021. Fraser is a […]
Citigroup taps Jane Fraser to succeed Michael Corbat as CEO
Corbat’s eight-year helm as chief executive and cumulative 37 years with the company spanned the nation’s recovery from the 2008 financial crisis and coronavirus recession. Under his leadership, Citigroup said, the bank’s net income nearly tripled, from $7 billion to roughly $20 billion. With Fraser, Citigroup will become the first […]