Jane Fraser (executive) A Trailblazing Career in Banking and Leadership

Jane Fraser's trailblazing career in banking and leadership is a true inspiration to many. She is the first woman to lead a major Wall Street bank, having taken the reins as CEO of Citigroup in 2021.

Fraser's journey to the top was not an easy one. She had to overcome many obstacles and push through challenging times to achieve her goals.

As a seasoned executive, Fraser has held various leadership positions within Citigroup, including Chief Executive of Consumer Banking. In this role, she was responsible for leading the bank's consumer banking business globally.

Fraser's expertise in banking and leadership has earned her numerous awards and recognition.

Jane Fraser's early career was marked by a series of strategic moves that would eventually lead her to the top. She began her career as an analyst at Goldman Sachs in 1988, specializing in mergers and acquisitions.

Fraser's time at Goldman Sachs was short-lived, lasting only two years before she moved on to Asesores Bursátiles, a Madrid-based securities broker, where she stayed until 1992.

Fraser began her career as an analyst at Goldman Sachs, specializing in mergers and acquisitions, in 1988. She spent two years at the investment bank.

After two years at Goldman Sachs, Fraser became an associate at Madrid-based securities broker Asesores Bursátiles, where she stayed until 1992.

Fraser joined McKinsey & Co. in 1994, where she served as a partner with a focus on financial services and strategy.

She co-wrote a book with three McKinsey colleagues, titled Race for the World: Strategies to Build a Great Global Firm, which was published in 1999.

This book brought Fraser to the attention of Michael Klein, Citi's former CEO of banking.

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Jane Fraser's leadership style has been instrumental in positioning Citi as the bank of the future. She has a relentless focus on making the bank future-ready, with empathy for its clients and people, and a strong emphasis on diversity.

Fraser has taken several visible measures to secure Citi's global profitability, including unifying its Wealth business and streamlining its global consumer operations. She has also announced plans to exit 13 consumer markets across Asia, Europe, and the Middle East, with agreements to sell nine of them already reached.

Fraser's leadership has helped drive higher returns, lower Citi's cost of equity, and increase value for the firm's shareholders. She has also led the execution of Citi's strategic business transformation, with an emphasis on digital upgrades and process simplification.

Fraser's career trajectory is a testament to her hard work and dedication. She worked her way up the ranks at Citi over 14 years, serving as global head of strategy and M&A through the Great Recession, and holding various top positions within the banking giant's divisions.

As CEO, Fraser has been a catalyst for cultural transformation, emphasizing the importance of empathy and sincere listening. She has also promoted a flexible work arrangement, allowing staff to work from home some days of the week and granting them greater flexibility in their schedules than other Wall Street firms.

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Jane Fraser's leadership style is centered around making Citi future ready, with a focus on empathy for clients and people, and diversity. She has taken visible measures to secure the bank's global profitability.

Her relentless drive to make Citi future ready has led to significant changes, including unifying the bank's Wealth business and streamlining its global consumer operations. This has resulted in higher returns and lower costs for the firm.

Empathy is a key component of Fraser's leadership approach, which she believes can create a competitive edge. She has written about the importance of empathy in leadership, stating that it involves listening to clients and incorporating people's circumstances into plans.

Fraser's leadership extends beyond the world of finance, as she is involved in various organizations that promote business and economic development. Her influence is felt in organizations such as the Partnership for New York City and the Harvard Business School's Board of Dean's Advisors.

Her strategic vision for Citi is built around cultural transformation, innovation, and value creation. Fraser has emphasized the importance of empathy and sincere listening in achieving success.

Jane Fraser's career advancement is a great example of what's possible with hard work and determination. She worked her way up the ranks at Citigroup over 14 years, serving as the global head of strategy and M&A during the Great Recession.

Her dedication and expertise led to a succession of top positions within the bank's divisions, including CEO of Citi private bank, mortgage, U.S. consumer and commercial bank, and global mortgages, and Latin America. This kind of experience and leadership skill is invaluable in any career.

Fraser's promotion to president and CEO of global consumer banking in 2019 was a significant milestone, giving her responsibility for all of Citi's consumer businesses, spanning retail banking and wealth management, credit cards, mortgage, and operations, and technology. This kind of broad scope can be overwhelming, but Fraser has proven herself capable.

She was appointed CEO of Citigroup in 2021, becoming the first female CEO of a top-tier Wall Street Investment Bank, leading the third-largest bank in the U.S. This is a testament to her leadership abilities and the bank's commitment to diversity and inclusion.

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Fraser's approach to work during the COVID-19 pandemic, allowing staff to work from home some days of the week and granting greater flexibility in their schedules, has been a key factor in differentiating Citigroup from its peers. This kind of flexibility can be a game-changer for employees and employers alike.

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Jane Fraser's leadership style is centered around making the bank future-ready, with empathy for its clients and people, and diversity. This approach has helped position Citi to be the bank of the future.

Fraser's commitment to improved communication and transparency has garnered her the respect and loyalty of Citi's workers post-pandemic, with 91% of staff believing the company is effectively communicating its plans and response to COVID-19.

As CEO, Jane Fraser has led the execution of Citi's strategic business transformation, with an emphasis on digital upgrades and process simplification. This reengineering work has driven higher returns, lowered Citi's cost of equity, and increased value for shareholders.

Jane Fraser's leadership approach emphasizes innovation and adaptability, which has allowed Citigroup to move its ESG agenda forward and incorporate its eco-friendly ethos into the firm's business model. The bank has pledged to become a Net Zero carbon emission company by 2050.

Fraser's goal is to increase diversity and inclusion within Citigroup, with a focus on women and Black talent. She has invested over $1.1 billion in strategic initiatives to help close the racial wealth gap in the US.

Jane Fraser's leadership has been instrumental in promoting diversity and inclusion at Citigroup, with a long-term strategy to create a culture defined by inclusion and equity. She has embedded diverse representation and equity in the business strategy and executive scorecards.

Fraser's tenure as CEO has seen significant changes, including the unification of Citi's Wealth business and streamlining of its global consumer operations. The bank has also reached agreements to sell nine of the 13 consumer markets it announced plans to exit last year.

As the first female CEO of a top-tier Wall Street investment bank, Jane Fraser has taken a unique approach to work during the COVID-19 pandemic, instituting permanent plans to allow staff to work from home some days of the week and granting staff greater flexibility in their schedules.

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Jane Fraser's commitment to improved communication and transparency has earned her the respect and loyalty of Citi staff. 91% of Citi staff said they believe the company is effectively communicating its plans and response to COVID-19.

Fraser's leadership approach emphasizes innovation and adaptability, which is reflected in her decision to allow staff to work from home and offer greater flexibility in their schedules. This approach has helped differentiate Citigroup from other bulge bracket banks.

Empathy is a key aspect of Fraser's leadership style, which she believes can create a competitive edge. In a LinkedIn post, Fraser wrote that empathy is about listening to clients rather than pushing a product or idea.

Citigroup's dedication to environmental sustainability is another area where Fraser has made significant progress. The bank has pledged to become a Net Zero carbon emission company by 2050 and finance $500 billion in environmental projects by 2030.

Fraser's vision for Citigroup's future is centered around empathy, innovation, and client centricity. She believes that empathy is essential for achieving excellence and creating a competitive edge in a digital world.