Wall Streets big bank big-wigs will soon have a new executive among them and, unlike the rest of them, she is, well, a she. (Yes, that is lamentably still very remarkable in 2020.) Citigroups Jane Fraser, who has been with the bank for 16 years, will be promoted to CEO in February following the retirement of Michael Corbat.
Fraser will be the first woman to lead a major U.S. bank and will be joining an ultra-rarified rank of executives that includes JPMorgan Chases Jamie Dimon, Goldman Sachs David Solomon, Wells Fargos Charles Scharf and Bank of Americas Brian Moynihan, among others. She will be the only female CEO among the 10 largest U.S. banks. Sachs Solomon welcomed her to the club, posting his congratulations on LinkedIn and calling her a pioneer. Bank of Americas Cathy Bessant, who was rumored to be in the running for the CEO spot at Wells Fargo last year (the post went to Scharf), tweeted that Frasers appointment was Great news for the company and for women everywhere!
Fraser, who was born in Scotland, currently serves as Citis president and CEO of Global Consumer Banking.
So, how did this glass-ceiling smasher get to the very highest echelon of finance? We figured that for all of us aspiring ceiling-breakers it would be helpful to trace the path of her career, so we took a stab at recreating Frasers resum using her LinkedIn profile, additional research and perhaps a wee bit of creative license (with the design, never the facts, and no, we wont be giving up our day jobs for resume design any time soon).
Whats not noted among her staggering accomplishments is the constant challenge of being a working mom: Being a mother of young children and having a career is the toughest thing I have ever had to do, she said in an internal interview at McKinsey, according to Axios.
Alright, without further ado, Boss Bettys re-creation of the resum of Wall Streets first female big bank CEO, Jane Fraser:
The rest is here:
Career anatomy: The resum of Wall Streets first woman CEO, Jane Fraser - Boss Betty
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