Citi’s Top Banker in Miami Has Become a Coveted CEO Prospect
- Amid leadership changes across banks her name keeps coming up
- Outsiders are floating her to run Citi, Wells Fargo or HSBC
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Jane Fraser is not exactly a big name on Wall Street. Based in Miami, she runs Citigroup Inc.’s operations across Latin America, a region that generates less than 15% of the bank’s revenue.
And yet, after chief executive officers stepped down at two of the world’s biggest banks in recent months -- first, at Wells Fargo & Co. in March and then HSBC Holdings Plc last month -- her name has consistently popped up among potential candidates to run both companies. That talk adds to long-held speculation in some corners of Citigroup that Fraser, an executive with a rare combination of experience in strategy as well as consumer and international banking, is a potential successor to CEO Mike Corbat.