Jane Fraser

When Jane Fraser took the helm of Citigroup in 2021, skeptics wondered whether anyone could turn around the sprawling bank that had long trailed Wall Street rivals in profitability. Five years later, the former McKinsey partner has mostly quieted any doubters: In April 2026, Citi delivered its highest quarterly revenue in a decade. The bank’s return on tangible common equity hit 13.1%, the highest since 2021. Citi’s stock is up about 83% since Fraser took over as CEO. She has streamlined the bank’s business into five distinct divisions; collapsed layers of management; narrowed its focus by divesting retail operations in 14 international markets; and addressed regulatory reporting issues that have nagged the bank for years. In October, the board named Fraser chair, uniting the role of CEO and chair for the first time in two decades at Citi and issuing a vote of confidence in her turnaround plan. For Fraser, the first—and still the only—woman to run a Wall Street bank, the fix-it era of Citi’s comeback has nearly reached its end. The next one belongs to growth. Read more: Citi's 5-year comeback: How CEO Jane Fraser turned the bank's chronic underperformance into decade-high revenue