Jane Fraser

BIO:

• Name: Jane Fraser
• Title/Position: Chief Executive Officer, Citigroup
• Industry: Banking & Financial Services
• Location: New York, NY, USA
• Age: 57 - (13th of June 1967)
• Net Worth: Estimated between $50 million and $120 million (as of 2025)

Jane Fraser’s Story

Jane Fraser also known as the queen of Wall Street, shattered a historic barrier in March 2021 by becoming the first woman to lead a major Wall Street bank as CEO of Citigroup. Born in St. Andrews, Scotland, she pursued economics at Girton College, Cambridge, followed by an MBA from Harvard Business School.

She started her career working for Goldman Sachs in London. She then spent time working in Spain working at a consultancy where she learned Spanish, a skill that would come in handy when working in America. After finishing her MBA at Harvard she joined consultancy McKinsey in New York, rising to partner shortly after having her first baby. In 2004, Fraser joined Citigroup, where she held pivotal roles including CEO of Citi Private Bank, CEO of Citi Latin America, and President of Global Consumer Banking.

As CEO, Fraser initiated a bold transformation strategy to streamline operations, enhance digital capabilities, and refocus on core strengths. Her leadership has been marked by significant restructuring efforts to position Citi for long-term success 

She is cited as one of the “Most Powerful Women in Business” and she in an inspiration for working moms, who says becoming a mother helped her, she learned how to prioritize more and also became more human to the clients who also face many of these issues too. 

Career Highlights

Key Milestones:

• 1988–1990: Mergers & Acquisitions Analyst at Goldman Sachs, London
  
• 1994: Earned MBA from Harvard Business School
  
• 2004: Joined Citigroup
  
• 2019: Appointed President of Citigroup and CEO of Global Consumer Banking
  
• 2021: Became CEO of Citigroup
  

Achievements:

• First female CEO of a major U.S. bank
  
• Led comprehensive restructuring of Citigroup
  
• Advocated for flexible work policies, including hybrid work models
  
• Recognized among Forbes’ “Most Powerful Women in the World”
  
• Serves on boards such as the Business Roundtable and Council on Foreign Relations
  

Jane Fraser Net Worth

Estimates of Jane Fraser’s net worth vary, with figures ranging from $50 million to $120 million. Her wealth is primarily derived from her executive compensation and substantial holdings in Citigroup 

Jane Fraser in the News

• February 2025: Fraser’s total compensation increased to $34.5 million, reflecting her leadership during Citigroup’s restructuring efforts.
• April 2025: Met with Mexican President Claudia Sheinbaum to discuss economic collaboration and reaffirm Citigroup’s commitment to Mexico.
• May 2025: Jane Fraser shows her support for working moms by keeping flexible working rules despite the return of strict return-to-office policies.
  

Quotes by Jane Fraser

“One of the pieces of advice I was given when I became CEO is to ‘have big ears and thick skin.”

“Being a mother of young children and having a career is the toughest thing I have ever had to do.”

“America is just something you want to try and understand, and the American economy and the American entrepreneur is not someone you are going to bet against.”

“There were so few women there, there are so few women in financial services, and those who were there were rather scary.”

FAQs: Most Asked Questions About Jane Fraser