Investment Banking

Citigroup boosts CEO Jane Fraser’s pay to $34.5m after Bora Bora concludes

The Wall Street bank handed its chief executive the biggest rise of any of its rivals for 2024

Citi CEO Jane Fraser was awarded $34.5m for 2024
Citi CEO Jane Fraser was awarded $34.5m for 2024 Photo: Chip Somodevilla/Getty Images

Citigroup hiked chief executive Jane Fraser’s pay by 33% for the year when she completed the bank’s radical overhaul code-named Project Bora Bora.

The US bank paid Fraser $34.5m for 2024, a jump on the previous year for what it describes as her executing its strategic priorities “promptly and thoughtfully”.

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