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Citigroup promotes Fraser to president, setting stage to be Corbat's successor

Oct 24, 2019 - American Banker
Board and Executive Moves

Citigroup promotedJane Fraserto president, its second-highest post, making her the obvious candidate to someday succeed Chief Executive Officer Michael Corbat and become the first woman to run one of the largest U.S. banks.

Fraser, who oversaw the lender's sizable operations across Latin America, also will take over as head of consumer banking, replacing Stephen Bird, who's leaving to pursue an opportunity elsewhere, the company said Thursday in a press release. Fraser's profile rose this ...