Jane Fraser, the first woman to lead Citigroup, is often celebrated for breaking one of Wall Street's toughest barriers. Born in Scotland, she rose from humble beginnings to become a prominent leader in finance. Through her determination and clear vision, she has transformed Citigroup and championed diversity and inclusion. Jane Fraser is not just a banker; she is a leader who demonstrates that success comes from innovation, resilience, and breaking new ground.
Jane Fraser was raised in St. Andrews, Scotland, where she was surrounded by intellectual influences - her father taught economics, and her mother was a schoolteacher. As a bright student, she pursued a degree in economics at Cambridge, graduating in 1989. Eager to advance her education, Jane earned an MBA from Harvard, where she was recognized as a Baker Scholar. The foundation provided by her early studies equipped Jane with the experience and confidence needed to thrive in the demanding world of international finance.
Jane Fraser is known for her ambition and adaptability throughout her career. She began her professional journey at Goldman Sachs in the mergers and acquisitions (M&A) division and later honed her skills at McKinsey. In 2004, Jane joined Citigroup, where she held significant roles, including leading the transformation of the Private Bank, overseeing operations in Latin America, and heading Global Consumer Banking. In 2021, she made history by becoming the CEO of Citi Corporation, guiding the company through a period of transformation and changing the conversation on Wall Street as the first woman to assume the role.
Citigroup is changing finance using AI-enabled tools to automate trade, improve compliance, improve customer service, and empower clients and employees alike.
AI-Enabled Trade: Citigroup is using AI in trade documents, which will improve compliance, minimize regulatory friction, and accelerate trade processes, enabling clients to transact faster, smarter, and more efficiently in a complex financial infrastructure.
AI in Financial Services: Citigroup has deployed AI in several banking services with smart assistants, virtual agents, and fraud protection to enhance service quality, support compliance, manage risk, and continue to lead responsible innovation for financial services.
Innovative AI Tools: With tools like Citi Assist and Citi Stylus, Citigroup empowers employees to navigate policies, analyze documents, and streamline workflows for boosting productivity, creativity, and intelligent decision-making across the organization.
AI Partnerships: As part of Citigroup's partnership with Google Cloud and Vertex AI, they transition to a modern and scalable platform, improve developer productivity and speed, and relieve repetitive tasks to improve efficiency, regulatory compliance, and customer experience worldwide.
Jane Fraser has established a legacy of her own, with an estimated net worth ranging from $50 million to $120 million. In 2025, she earned $34.5 million as the CEO of Citigroup. Her leadership has focused on transforming the organization, enhancing its digital capabilities, and positioning it for strategic growth. Through these efforts, she has made a lasting impact on both Citigroup and corporate leadership in the global finance sector.
Under Jane Fraser's leadership, Citigroup is undergoing a transformation for the digital era. She has streamlined operations, promoted the adoption of technology, and strengthened risk controls to ensure sustainable growth. As a strong advocate for diversity and flexible working arrangements, Jane effectively blends modern practices with banking excellence. Recognized by Forbes as one of the world's most powerful women, she embodies innovation, inclusion, and bold financial leadership.
Jane Fraser has not been involved in any significant personal controversies. As the first woman to lead a major US bank, she is celebrated for her leadership at Citigroup. Media coverage focuses on her strategic reforms, digital innovation, and advocacy for diversity, rather than any personal scandals or issues.