Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019.
Kyle Grillot | Bloomberg via Getty Images
Citigroup named Jane Fraser president Thursday, filling a role that has been open since earlier this year and positioning her as a possible successor to CEO Michael Corbat.
Corbat said he tapped Fraser for the the role to make sure the bank is well positioned for the next decade and beyond.
“I remain committed to leading our firm in the coming years and look forward to working even more closely with Jane in her new roles,” the CEO said in a memo.