Jane Fraser is the CEO of Citigroup Inc., making waves in the banking industry since she took the helm in February 2021. She joined Citi back in 2004 after working at McKinsey & Company and quickly moved up the ranks,...

Jane Fraser is the CEO of Citigroup Inc., making waves in the banking industry since she took the helm in February 2021. She joined Citi back in 2004 after working at McKinsey & Company and quickly moved up the ranks, leading major parts of the business such as Citi Latin America and Global Consumer Banking. A notable aspect of her rise was a $12.5 million incentive award to keep her in the role after her promotion to CEO. Jane is savvy, holding an MBA from Harvard and a master's degree in economics from Cambridge.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Citigroup CEOs

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Jane Fraser

CEO of Citigroup

Education

M.B.A. from Harvard Business School, M.A. in economics from Cambridge University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1967 - 58 years ago

CEO of Citigroup for

4 years 1 month (Mar 2021 - Present)

Previous Experience

CEO of Citi's Latin American region, CEO of U.S. Consumer and Commercial Banking and CitiMortgage, CEO of Citi's Private Bank.

Rivals

Competitors/colleagues of Jane Fraser

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David M. Solomon

CEO of Goldman Sachs Group

2023 Compensation

Stock

$36.08M

Salary

$2.00M

Bonus

$8.70M

Other

$320.86K

Total Holdings

$71.95M

D

Ed Bastian

CEO of Delta Air Lines

2023 Compensation

Stock

$19.03M

Salary

$950.00K

Bonus

$9.60M

Other

$371.18K

Total Holdings

$31.31M

P

William S. Demchak

CEO of PNC Financial Services

2023 Compensation

Stock

$11.60M

Salary

$1.20M

Bonus

$4.41M

Other

$797.60K

Total Holdings

$100.55M

J

Jamie Dimon

CEO of JPMorgan Chase

2023 Compensation

Stock

$0.00

Salary

$1.50M

Bonus

$5.00M

Other

$400.19K

Total Holdings

$1.72B

B

Brian T. Moynihan

CEO of Bank of America

2023 Compensation

Stock

$22.05M

Salary

$1.50M

Bonus

$0.00

Other

$387.39K

Total Holdings

$116.40M

T

William H. Rogers, Jr.

CEO of Truist Financial

2023 Compensation

Stock

$2.47M

Salary

$1.20M

Bonus

$1.44M

Other

$236.04K

Total Holdings

$53.68M

Holdings

See how much did Jane Fraser make over time.

Jane Fraser owns 428,906 shares at Citigroup, valued around $20 million. This is a significant stake in the company, showing her strong belief in Citi's future. Since becoming CEO, her shares have fluctuated, but they remain a big part of...

Jane Fraser owns 428,906 shares at Citigroup, valued around $20 million. This is a significant stake in the company, showing her strong belief in Citi's future. Since becoming CEO, her shares have fluctuated, but they remain a big part of her wealth. When she was promoted, her holdings became increasingly important as she transitioned from a high-level executive to CEO, aligning her interests closely with those of Citi's shareholders. Her financial participation stands out, especially in the context of her substantial salary and bonuses.

Total Stock Sold

$4.59M

C

$4.59M

67,400 C shares

What if they kept their stock?

If Jane Fraser didn't sell their stock, today they would have:
Extra C67,400 shares worth $2.77M.
This is -39.59% and $1.82M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Jane Fraser.

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159,422.18 shares

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Feb 15, 2024

Received

C

158,140.81 shares

C

Feb 16, 2023

Received

C

63,628.53 shares

C

Feb 10, 2022

Received

C

79,190.18 shares

C

Feb 11, 2021

Received

C

45,620.44 shares

C

Feb 13, 2020

Received

C

84,027.96 shares

C

Nov 25, 2019

Received

C

42,048.44 shares

C

Feb 14, 2019

Received

C

$2.51M

C at $77.56/share

Feb 27, 2018

Sale

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32,240.73 shares

C

Feb 15, 2018

Received

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$2.11M

C at $60.33/share

Feb 16, 2017

Sale

Compensation History

See how much did Jane Fraser make over time.

In 2023, Jane Fraser earned over $18 million, including a base salary of $1.5 million and a cash bonus of $3.675 million. Her compensation package is structured to align with the company's performance, with no stock options vested in 2023 since the focus was on performance share units. This shows that her pay is not just a number but linked to her ability to lead and achieve results for Citi. Earlier, in 2021, her pay jumped significantly with $10 million in stock awards reflecting her performance in a challenging environment. The compensation strategy at Citi aims to attract the best talent and reward high performance, ensuring that Jane’s vision for Citi can be realized through strong financial performance and sustainability.

Year

2023

Total Compensation

$5.19M

Salary

$1.50M

Board Justification

Citi's compensation philosophy is designed to attract and retain top talent while aligning executive compensation with performance and shareholder interests.

Bonus

$3.68M

Board Justification

Cash bonus for service in 2023 based on performance metrics and company results.

Other

$19.80K

Board Justification

Includes 401(k) plan matching contributions and other personal benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2023 as the focus was on performance share units and deferred stock awards.

Performance Metrics

Performance metrics include financial performance, risk management, and leadership effectiveness.

Other Citigroup CEOs

Here are other CEOs of Citigroup

Michael L. Corbat

Ex-CEO of Citigroup

October 2012 - February 2021