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Citigroup called Jane Fraser admiral Thursday, bushing a role that has been accessible back beforehand this year and accession her as a accessible almsman to CEO Michael Corbat.



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Corbat said he broke Fraser for the role to accomplish abiding the coffer is well-positioned for the abutting decade and beyond.

“I abide committed to arch our close in the advancing years and attending advanced to alive alike added carefully with Jane in her new roles,” the CEO said in a memo.



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Fraser will additionally alter Stephen Bird as the arch of all-around customer banking. Bird is abrogation Citi afterwards 20 years and confined in several key roles, including CEO of the bank’s Asia Pacific division.



Fraser has been at Citi for 15 years back she abutting McKinsey to run applicant action in the accumulated and advance bank. She additionally led the bank’s accumulated action and M&A accumulation during the cyberbanking crisis. She afterwards ran the all-around clandestine coffer followed by the U.S. customer and bartering cyberbanking and mortgages.

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Her best contempo role, however, was confined as the CEO of Latin America. Replacing her in that role will be Ernesto Torres Cantu who is currently CEO of Citibanamex.

The position of admiral opened up in April back Jamie Forese retired afterwards added than three decades at the bank. Forese was one of the longest-serving admiral at Citi. At one point, Forese was apparent as a accessible almsman to CEO Corbat.

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Shares of Citi were mostly banausic in after-hours trading on Thursday.

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