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Jane N. Fraser

CEO at CITIGROUP
Since March 1, 2021
Age
57 years
Education
Holds a strong background in finance and business, evidenced by involvement with the Council on Foreign Relations, Harvard Business School Board of Dean’s Advisors, and the Stanford Advisory Board.
Tenure
Joined C in 2004 and advanced through leadership roles in strategy, private banking, consumer and Latin America operations, global consumer banking, and as President, before becoming CEO in March 2021.

Also at CITIGROUP

TC
Titi Cole
Director
MALM
Mark A. L. Mason
CFO
PS
Patrick Scally
Interim Controller

About

Jane N. Fraser is recognized for her extensive experience in the financial industry, having built a career that spans more than two decades at C. She started her journey in 2004 and steadily progressed through multiple leadership positions, gaining expertise in strategy, private banking, consumer operations, and international markets.

At the helm as the first woman CEO of a major global bank since March 2021, she has steered the company with a focus on risk management, regulatory compliance, and sustainable business practices. Her leadership reflects a blend of strategic vision and operational excellence that has redefined the bank’s approach to global finance.

In addition to her corporate responsibilities, she plays an active role in influential financial and policy circles through her participation in organizations such as the Council on Foreign Relations, and advisory boards at Harvard Business School and Stanford University. This involvement underscores her commitment to shaping industry trends and advancing financial discourse.

Overall, her journey is a testament to her dedication, strategic insight, and ability to drive transformative change at C, marking her as a trailblazer in the financial world.

$C Performance Under Jane N. Fraser

Past Roles

OrganizationRoleDate RangeDetails
Citigroup Inc.President of CitiOctober 2019 - February 2021Former role; held until promotion
Citigroup Inc.Chief Executive Officer, Global Consumer Banking2019 - 2020Former role
Citigroup Inc.Chief Executive Officer, Citi Latin America2015 - 2019Former role
Citigroup Inc.CEO, U.S. Consumer and Commercial Banking and CitiMortgage2013 - 2015Former role
Citigroup Inc.Global Head of Citi Private Bank2009 - 2013Former role
Citigroup Inc.Global Head of Strategy and Mergers & Acquisitions2007 - 2009Former role

External Roles

OrganizationRoleDate RangeDetails
Council on Foreign RelationsMemberN/AActive board role
Harvard Business SchoolBoard Member, Board of Dean's AdvisorsN/AActive board role
Stanford UniversityAdvisory Board MemberN/AActive advisory role

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary $1.5 millionCashFixed base salary for 2024

Performance Compensation

Data from  FY 2024

Cash Incentive

DetailsInformation
Amount$4.95 million
Percentage15% of total incentive award
PaymentCash (no vesting schedule)

*No additional performance metrics or thresholds provided for the cash component. *


Deferred Incentive

This component is a blend of Deferred Stock and Performance Share Units (PSUs) with a total incentive award of $33 million.

Deferred Stock

DetailsInformation
Amount$11.55 million
Percentage35% of total incentive award
VestingVests ratably over four years subject to performance conditions

Performance Share Units (PSUs)

DetailsInformation
Amount$16.5 million
Percentage of Total Incentive50%
Performance Metrics- Weighted Average Return on Tangible Common Equity (50% weight)
- Cumulative Tangible Book Value Per Share (50% weight)
Payout Range (Threshold/Target/Cap)0% to 150% of target PSUs; capped at 100% if TSR is negative
Vesting ScheduleVests after three years (performance period from 2025 to 2027)
Grant DateFebruary 13, 2025
Grant Date Fair Value/Stock Price$81.432 (calculated using the five-day average closing price)
Additional DetailsDividend equivalents accrue and are paid on earned PSUs; PSUs settled in cash

In summary, the performance compensation for 2024 comprises a cash incentive and a deferred incentive with both fixed and performance-based elements. Actual payouts for the deferred components depend on the achievement of the outlined performance metrics and conditions as detailed above.

Interviews

Citi CEO Jane Fraser: Trump election will broadly be pro-growth and beneficial thumbnail

Citi CEO Jane Fraser: Trump election will broadly be pro-growth and beneficial

CNBC Television
4:49 min
Nov 8, 2024
Citigroup CEO Jane Fraser: We will give the layoff number in Q4 earnings thumbnail

Citigroup CEO Jane Fraser: We will give the layoff number in Q4 earnings

CNBC Television
3:59 min
Sep 29, 2023
Citigroup CEO Fraser on Turnaround Plan, Private Markets, Biggest Risks thumbnail

Citigroup CEO Fraser on Turnaround Plan, Private Markets, Biggest Risks

Bloomberg Television
5:07 min
Dec 10, 2024
Citigroup CEO Jane Fraser on group's massive restructuring thumbnail

Citigroup CEO Jane Fraser on group's massive restructuring

CNA
6:25 min
Oct 23, 2023
Leadership is more setting context than taking decisions, says Citigroup CEO Jane Fraser thumbnail

Leadership is more setting context than taking decisions, says Citigroup CEO Jane Fraser

CNA
5:24 min
Oct 23, 2023
Citi CEO Jane Fraser Talks Consumer Spending, Mexico | Bloomberg Talks thumbnail

Citi CEO Jane Fraser Talks Consumer Spending, Mexico | Bloomberg Talks

Bloomberg Podcasts
11:55 min
May 5, 2025
Citigroup CEO Jane Fraser: It's hard to get a soft landing thumbnail

Citigroup CEO Jane Fraser: It's hard to get a soft landing

CNBC Television
4:58 min
May 6, 2024
CEO Jane Fraser on Citi's Stock, Turnaround Plan, and Balance Sheet | At Barron's thumbnail

CEO Jane Fraser on Citi's Stock, Turnaround Plan, and Balance Sheet | At Barron's

Barron's
21:08 min
Nov 30, 2023
Citigroup CEO Jane Fraser Talks Turnaround Plan, Future | Bloomberg Talks thumbnail

Citigroup CEO Jane Fraser Talks Turnaround Plan, Future | Bloomberg Talks

Bloomberg Podcasts
13:34 min
Dec 10, 2024
Citigroup CEO Jane Fraser on geopolitics thumbnail

Citigroup CEO Jane Fraser on geopolitics

CNBC Television
0:49 min
May 6, 2024
Citigroup CEO Jane Fraser Warns That 'A Recession Is Possible' To Senate Banking Committee thumbnail

Citigroup CEO Jane Fraser Warns That 'A Recession Is Possible' To Senate Banking Committee

Forbes Breaking News
4:36 min
Dec 6, 2023
Big banks did the right thing saving SVB, Citi CEO Says thumbnail

Big banks did the right thing saving SVB, Citi CEO Says

David Rubenstein
4:07 min
May 15, 2023
Citigroup CEO Fraser on Trump, Regulation, and Deals (Full interview) thumbnail

Citigroup CEO Fraser on Trump, Regulation, and Deals (Full interview)

Bloomberg Television
16:05 min
Nov 12, 2024
Citigroup CEO Jane Fraser sees 'cracks’ emerging among some consumers as savings dry up thumbnail

Citigroup CEO Jane Fraser sees 'cracks’ emerging among some consumers as savings dry up

CNBC Television
3:14 min
Sep 29, 2023