Citigroup’s ‘strategic thinker’ Fraser breaks glass ceiling

By Pete Schroeder, David Henry and Svea Herbst-Bayliss

WASHINGTON/NEW YORK (Reuters) – Jane Fraser made history on Thursday when she became the first female global bank chief executive, a role she will take up next year when Citigroup Inc’s current CEO Michael Corbat will step down.

Fraser, 53, who grew up in Scotland, navigated some of the world’s most cut-throat corporate environments, including Goldman Sachs, Harvard Business School and McKinsey & Company, before joining Citigroup in 2004.

During her time at the bank she has helped execute some of its divestitures, including the staggered sale of its Smith Barney brokerage, and was often assigned to fix problems in the bank’s operations, ranging from its U.S. mortgage business to its Mexico operations.

She became president and chief executive of global consumer banking last year.

“She’s very, very intelligent and a thoughtful, strategic thinker. She’s a consensus builder who listens to everyone

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