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Practically Lives Here
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Join Date: Feb 2013
Location: Canada
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Wall Street’s longest-enduring glass ceiling is about to be broken.
Citigroup Inc., the country’s third-largest bank with US$1.96-trillion in assets, said Thursday that Jane Fraser will become its chief executive in February.
Ms. Fraser, the bank’s president and head of its global consumer banking business, will succeed Michael Corbat, who has served as chief executive since 2012. Ms. Fraser was teed up as the bank’s next chief executive last year when she was promoted to her current role.
“It’s frustrating that this moment has been so long in coming,” said Rob Blackwell, chief content officer for Promontory Interfinancial Network, which provides services for banks. “This is a big moment.”
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