Citigroup made history Thursday by naming Jane Fraser as its next CEO. She will become the first woman to lead a major US bank.
Fraser, currently in charge of Citi's consumer bank, is set to take over in February for Michael Corbat, who plans to retire after 37 years at the bank.Jane Fraser will become Citigroup's next CEO in February"I have worked with Jane for many years and am proud to have her succeed me," Corbat said in a statement."With her leadership, experience and values, I know she will make an outstanding CEO.
"Record-high female CEOs, but still a small percentageBefore taking over Citi's consumer bank, Fraser led the bank's Latin America division as well as its corporate strategy and M&A group. Fraser also led Citi's Private Bank from 2009 to 2013. Before joining Citi, Fraser worked at consulting giant McKinsey and in the M&A department of Goldman Sachs .
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