Wall Street & banks

Jane Fraser

CEO, Citigroup

Born
1967
Based in
New York, USA
Since
CEO since March 2021
Frequency medium

When you hear from them

Who they are

Jane Fraser was the first woman to lead a major Wall Street bank. She inherited a Citigroup in 2021 widely seen as the least efficient of the big US banks, and has since driven a sweeping simplification: divisions sold, countries exited, layers of management removed. Citi is also the most international of the American banks, operating in more than 180 countries.

Why it matters to investors

Because Citi operates in so many countries and processes so much cross-border payment traffic, Fraser sees trade flows and capital movements invisible in domestic US data. For anyone watching emerging markets or the fallout from trade conflicts, that is a valuable vantage point.

Career

  1. 1988

    Reads economics at Cambridge; starts at Goldman Sachs in London.

  2. 1994

    MBA at Harvard; becomes a partner at McKinsey, specialising in banks.

  3. 2004

    Moves to Citigroup, running strategy, private banking and mortgages in turn.

  4. 2015

    Becomes head of Citi Latin America and cleans up the Mexican operations.

  5. 2019

    President of Citigroup and head of global consumer banking.

  6. 2021

    Becomes CEO in March, the first woman to run a major Wall Street bank.

  7. 2024

    Announces a deep restructuring around five core businesses with far fewer management layers.

What they talk about

Notable quotes

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Updated: 2026-07-23

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