She was born and raised in St Andrews, Scotland, she has degrees from Harvard Business School and Cambridge University. The 53-year-old started her career at Goldman Sachs in London, joining Citi after rising to be a partner at consulting giant McKinsey

cotland-born Mrs Fraser has worked at Citi for 16 years, serving in her current role since 2019. She oversees business in 19 countries and previously led its Latin America division.

 She moved to the US because of the opportunities she saw for women there. At Citi, which is said to be the fourth-largest bank in the US, Fraser has really been a savior in times of trouble for the bank.

Briton Jane Fraser, its current president and head of global consumer division, is to become its new boss when current chief Michael Corbat retires in February.

He is stepping down after 37 years at the bank, including eight as leader.

The chair of Citi’s board of directors, John Dugan, said Ms. Fraser would take the bank “to the next level”.She has deep experience across our lines of business and regions and we are highly confident in her,” he said.