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Jane Fraser's early life is a fascinating topic, and it's interesting to note that she was born in 1961 in Australia. She grew up in a family that valued education and hard work.
Jane Fraser's education played a significant role in shaping her future, and she earned a Bachelor of Arts degree from the University of Sydney. Her academic background provided a solid foundation for her future career.
Jane Fraser's career in finance is a remarkable achievement, and she began her journey in the industry at the age of 24. She quickly rose through the ranks, becoming one of the most successful women in finance.
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Early Life and Career
Jane Fraser was born in 1967 in St. Andrews, Scotland.
She attended the Girton College at Cambridge from 1985 to 1988, graduating with a degree in economics.
Jane worked as an analyst of mergers and acquisitions at Goldman Sachs in London from July 1988 to July 1990.
She then moved to Asesores Bursátiles, a securities broker based in Madrid, where she worked as a securities intermediary from August 1990 to June 1992.
Jane went on to pursue a Master's degree at the Harvard Business School, which she completed in 1994.
Professional Achievements
Jane Fraser has had a remarkable career, filled with notable professional achievements. She started at McKinsey & Company in 1994, where she worked in financial services and global strategy, eventually becoming a partner.
Fraser's tenure at Citigroup has been particularly impressive, with a series of promotions that demonstrate her leadership skills and ability to adapt to challenging situations. She was hired as Head of Client Strategy in Citigroup's investment and global banking division in July 2004, and was later promoted to Global Head of Strategy and Mergers and Acquisitions in October 2007.
During her time at Citigroup, Fraser has held several high-profile positions, including CEO of Citi Private Bank, CEO of US Consumer and Commercial Banking, and CEO of Citigroup Latin America. She has also been tasked with "instilling a more U.S.-like culture" at Banamex, owned and operated by Citigroup since 2001.
Here are some key highlights from her career at Citigroup:
- CEO of Citi Private Bank (2009-2013)
- CEO of US Consumer and Commercial Banking (2014-2015)
- CEO of Citigroup Latin America (2015-2019)
- President of Citigroup and Head of Global Consumer Banking (GCB) (2019-2020)
- CEO of Citigroup (2021-present)
Presidente e CEO
Jane Fraser's rise to the top is a testament to her hard work and determination. She was named President of Citigroup and Head of Global Consumer Banking (GCB) in October 2019, making her the number 2 executive at the company.
Fraser was appointed to succeed Michael Corbat, who announced his retirement in September 2020, effective in February 2021. This marked a significant milestone for Fraser, as she became the first female CEO of a top-tier Wall Street investment bank.
As CEO, Fraser has taken a unique approach to work during the COVID-19 pandemic. She has implemented permanent plans to allow staff to work from home some days of the week and granted staff greater flexibility in their schedules than other Wall Street firms.
Fraser's approach to work is a testament to her commitment to creating a better work-life balance for her employees. She has cited differentiating Citigroup from other bulge bracket banks as a motivation for this approach.
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In her first interview as CEO on CNBC, Fraser proudly declared herself a "proud American citizen" despite still having a British accent. This statement highlights her dedication to her adopted country and her commitment to making a positive impact.
Here are some key dates in Jane Fraser's career as President and CEO of Citigroup:
- October 2019: Named President of Citigroup and Head of Global Consumer Banking (GCB)
- September 2020: Michael Corbat announces his retirement, effective in February 2021
- February 2021: Fraser becomes the first female CEO of a top-tier Wall Street investment bank
McKinsey & Company
At McKinsey & Company, Jane Fraser made a name for herself in financial services and global strategy, becoming a partner in 1994. She worked in New York for the first six years and then moved to London for the last four years, all while working part-time to raise her young children.
Fraser's expertise in globalization led her to write articles on the topic and co-author the book "Race for the World: Strategies to Build a Great Global Firm" in 1999. This book was the result of extensive research, including interviews with McKinsey clients in China, Hong Kong, Indonesia, Singapore, and India.
Fraser's dedication to her work and family life is impressive, and it's no surprise that she was able to balance both responsibilities while working at McKinsey. Her experience and expertise eventually led her to join Citigroup in 2004.
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Personal Life
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Jane Fraser's personal life is a testament to her dedication to her career and her family. She is married to a man named John, whom she has been with for many years.
Jane Fraser is known to be a devoted wife and mother, often prioritizing her family's needs over her own. Her family life has been a source of comfort and support throughout her career.
Jane Fraser's love for her family is evident in her commitment to work-life balance, allowing her to spend quality time with her loved ones despite her demanding schedule.
Age
Jane Fraser is 54 years old as of 2021.
She was born on 13 July 1967 in St Andrews, Scotland.
Biografía
Jane's professional journey is a fascinating one. She studied at Girton College in the University of Cambridge and Harvard Business School.
She began her career as an analyst of mergers at Goldman Sachs in London. After that, she moved to Madrid where she worked for AB Asesores until 1992. She then joined McKinsey & Company in New York, rising to become a partner and staying for a decade before being hired by Citigroup in 2004.
Jane has held various positions within Citigroup, including strategy, private banking, and mortgages. She was also responsible for the division of commercial banking and consumption. In 2015, she moved to Mexico to oversee Citigroup's operations in Latin America. Two years later, she was appointed president of Citigroup.
Here are some key highlights of Jane's career:
- President of Citigroup (2019)
- Responsible for Citi-Group in América Latina (2015)
- Division of commercial banking and consumption (2013)
- Division of mortgages (2013)
- Division of private banking (2009)
- Strategy (2004)
Education and Background
Jane Fraser's educational background is impressive, having been educated at Girton College, Cambridge, and Harvard Business School.
She went on to become a partner at McKinsey & Company for 10 years, showcasing her expertise and dedication to her field.
Jane's academic achievements and professional experience have prepared her for her current leadership roles, including CEO of Citigroup Latin America.
Measurements and Facts
Jane Fraser's educational background is impressive, but let's take a look at some interesting facts about her.
Jane Fraser's academic credentials include a degree from the University of Edinburgh.
She has a strong educational foundation that has served her well in her career.
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Jane Fraser has been recognized for her achievements, including being named one of the most powerful women in the world by Fortune magazine.
She has a reputation for being a skilled leader and entrepreneur.
Jane Fraser's educational background is a testament to her hard work and dedication to learning.
She has a strong track record of success in the business world.
Education
Jane Fraser's educational background is impressive. She was educated at Girton College, Cambridge.
Her academic pursuits didn't stop there, as she also attended Harvard Business School.
This well-rounded education laid the foundation for her future success.
Honors and Recognition
Jane Fraser has received numerous honors and recognitions throughout her career. She was ranked number 41 on Fortune's list of the 51 Most Powerful Women in Business in 2015.
American Banker named her the "Number 1 Woman to Watch" in both 2014 and 2015. This recognition highlights her exceptional leadership skills and potential for future success.
In 2021, Fraser was selected for the inaugural Forbes 50 Over 50, a list of entrepreneurs, leaders, scientists, and creators over the age of 50. This achievement showcases her continued impact and influence in her field.
Fraser's leadership and influence have also been recognized by Fortune, ranking her 4th on their list of Most Powerful Women in 2023.
Frequently Asked Questions
Is Jane Fraser married?
Yes, Jane Fraser is married. Her husband, Alberto Piedra, is a former banker who left his job to care for their children.
How many kids does Jane Fraser have?
Jane Fraser has two children. She is a married mother of two.
Did Jane Fraser work at McKinsey?
Yes, Jane Fraser worked at McKinsey & Co. as a partner, focusing on financial services and strategy, from 1994.
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