Citigroup names Jane Fraser as first woman CEO

New York (AFP) – Citigroup named Jane Fraser as its next chief executive on Thursday, tapping a woman to lead a giant Wall Street bank for the first time.She  will take over the top job in February, replacing Michael Corbat who will retire. Fraser, who currently serves as president and CEO of global consumer banking, and, will join the board of directors immediately, the bank said. She has held prior roles in Latin America and investment banking”I am honored by the Board’s decision and grateful to Mike for his leadership and support,” Fraser said in a press release.”Our balance sheet is strong…

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