TrendingVideosIndia
Opinions ▾
Opinions | CommentEditorialsThe MiddleLetters to the EditorReflections
Sports
State ▾
State | Himachal PradeshPunjabJammu & KashmirHaryanaChhattisgarhMadhya PradeshRajasthanUttarakhandUttar Pradesh
City ▾
City | ChandigarhAmritsarJalandharLudhianaDelhiPatialaBathindaShaharnama
World ▾
World | United StatesPakistan
Diaspora
Features ▾
Features | The Tribune ScienceTime CapsuleSpectrumIn-DepthTravelFood
Business ▾
Business | My MoneyAutoZone
UPSC ▾
UPSC | Exam ScheduleExam Mentor
Don't Miss
Advertisement
Home / Business / Citigroup Ceo Michael Corbat To Step Down Jane Fraser Named Successor 139252

Citigroup CEO Michael Corbat to step down; Jane Fraser named successor

Fraser will be first-ever woman executive to head a major Wall Street bank
Tribune Web Desk
Updated At : 12:16 AM Sep 11, 2020 IST

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Yearly Premium ₹999 ₹349/Year
Yearly Premium $49 $24.99/Year
Advertisement

New York, September 10

Advertisement

Citigroup Inc Chief Executive Officer Michael Corbat will step down in February 2021, after 37 years with the bank, and will be succeeded by President Jane Fraser, making her the first-ever woman executive to head a major Wall Street bank.

Advertisement

Fraser has been seen as a rising star on Wall Street, and last year was seen as a CEO candidate by Wells Fargo & Co’s board. The bank eventually settled on former JPMorgan executive Charles Scharf.

A 16-years veteran at Citi, who first joined to run client strategy in the investment bank, Fraser was promoted to the role of president in October last year.

She had been running the bank’s Latin America business, including its Citibanamex division in Mexico, before that.

Advertisement

Fraser has been elected to the board, the bank said. Reuters

Advertisement

Suggested Articles

Show comments
Advertisement
Advertisement

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Copyright © The Tribune Trust, 2024
Designed and developed by :  SORTD