Citigroup – Jane Fraser of Citigroup to Be First Lady CEO of Main Bank: Bloomberg 50 2020
A 16-year veteran of Citigroup, Fraser has achieved stints as world head of technique and head of Latin American operations. Final yr she took over the patron unit, the world’s largest bank card issuer. One factor she’s been centered on in 2020 is rising deposits from U.S. clients, with an emphasis on getting individuals to enroll in checking accounts on their cell phones; within the third quarter, common North American deposits climbed 19% from a yr in the past, to greater than $182 billion. Fraser has additionally been in command of Citigroup’s home response to the coronavirus pandemic.
One among her most quick duties as chief govt officer might be fixing the bank’s information and threat administration programs, which it’s didn’t replace for a while. Regulators together with the Federal Reserve and the U.S. Division of the Treasury’s Workplace of the Comptroller of the Forex are requiring the enhancements. Fraser has began by analyzing what a part of Citigroup’s technological infrastructure wants probably the most consideration. The method is anticipated to take years.