Fraser to replace Corbat at Citi

By Jasper Cox
11 Sep 2020

Michael Corbat is to retire from Citigroup in February, and Jane Fraser will step up as chief executive.

Fraser, who has been at Citi for 16 years, has been president and chief executive of global consumer banking since last year. She joins the board of directors immediately.

Corbat has spent 37 years at Citi and has been CEO for the past eight. “The time is right for ...

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