Scottish woman will lead Citigroup
21:33
Citigroup was the first major Wall Street bank to appoint a woman CEO. Yesterday they announced that Jane Fraser will replace Mike Corbat in this position in February.
Jane Fraser is from Scotland, and her early appointment as head of the retail division was the prelude to her appointment as president of a $2.2 trillion bank, making her one of the largest lenders in the world.
"Jane will be our first female CEO, which will be a source of pride for all of us and a breakthrough in our industry," Mike Corbat wrote on his LinkedIn profile.
"Congratulations to Jane Fraser, the next CEO of Citi and a pioneer in becoming the first woman to lead a major U.S. bank," David M. Solomon, Chairman & CEO at Goldman Sachs, congratulated.
Deutsche Bank's head of the Americas Christian Riley told the Financial Times that Jane Fraser's appointment was "a turning point for meritocracy and equality that all women on Wall Street can celebrate."
