Citi names Jane Fraser new chief in Wall Street first

Citi names Jane Fraser new chief in Wall Street first

Image copyright Reuters

Citigroup has named a woman to be its new chief executive in a first for a Wall Street bank.

The firm said it had selected Jane Fraser, its current president and head of global consumer division, to become its new boss when current chief Michael Corbat retires in February.

He is stepping down after 37 years at the bank, including eight as leader.

Scotland-born Ms…

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