Citigroup has named Jane Fraser as its next chief executive officer. She will be the first female CEO of this major global bank. She will succeed Michael Corbat, who is retiring in February 2021. Fraser has been a rising star in the financial industry, with a career that spans investment banking, wealth management, troubled mortgage workouts and strategy in Latin America.
Important takeaways for all competitive exams:
- The headquarters of Citigroup is located in New York, United States.
- Citigroup Established: 8 October 1998.
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