Jane Fraser

 

Professional Summary

Jane Fraser is a highly accomplished finance executive currently serving as the Chief Executive Officer of Citi, the world's most global bank. Fraser made history by becoming the first female CEO in the firm's history in March 2021. Her appointment marks the culmination of a distinguished career characterized by steady progress through various leadership roles within Citi and other financial institutions.

 

Educational Background

Educationally, Fraser has an impressive background. She earned an MBA from Harvard Business School, graduating in 1994. Before that, she received a Master's degree in Economics from the University of Cambridge in 1988. These solid academic foundations have been critical in shaping her analytical and strategic skills in the finance sector.

 

Early Career

Jane Fraser began her career as an analyst in the Mergers and Acquisitions Department at Goldman Sachs, where she worked from 1988 to 1990. She then moved on to become an associate at Asesores Bursatiles, a brokerage firm, until 1992. Her career took a major turn when she joined McKinsey & Co. in 1994, rising through the ranks to become a partner. During her 10-year tenure at McKinsey, she focused on financial services and strategy, laying the groundwork for her subsequent roles at Citi.

 

Career at Citi

Fraser joined Citi in 2004 as the Head of Client Strategy in the Investment and Corporate Banking Division. She quickly progressed through various positions of increasing responsibility. From 2007 to 2009, she served as the Global Head of Strategy and M&A at Citi. She then became the CEO of Citi Private Bank, leading the division from June 2009 to May 2013. Following this, she held several CEO roles within Citi, including:

• CEO of Citi Mortgage
• CEO of U.S. Consumer and Commercial Bank and Global Mortgages
• CEO of Latin America

In each role, she spearheaded significant initiatives to enhance operational efficiency and customer satisfaction.

Before becoming CEO, she was President of Citi and CEO of Global Consumer Banking from October 2019 to February 2021. Here, Fraser managed consumer business operations across 19 markets and navigated the firm's efforts through the COVID-19 pandemic.

 

Community Involvement and Board Memberships

In addition to her extensive professional experience, Jane Fraser is committed to contributing to the broader financial and business community. She serves on several prominent boards and advisory panels, such as:

• Business Roundtable
• Council on Foreign Relations
• Vice Chair of the Partnership for New York City

She is also involved with the Monetary Authority of Singapore’s International Advisory Panel and Harvard Business School’s Board of Dean’s Advisors, among others.

 

Personal Life

Jane Fraser balances her professional life with personal commitments. She is married with two children and is fluent in Spanish. Her broad array of skills includes mergers and acquisitions, strategy, investments, financial services, and corporate finance. These capabilities, combined with her impressive career trajectory and educational background, make her one of the most influential and respected figures in the global financial industry.