Investment Banking

Citigroup boss Jane Fraser paid $24.5m, inclusive of $3.45m cash bonus

Fraser's pay is up 9% from the previous year

Citigroup paid chief executive Jane Fraser $24.5m for 2022, up 9% from the prior year.

Fraser received a $1.5m salary and a $3.45m cash bonus, according to a filing on 21 February. The bulk of her pay comes in restricted stock units that will ultimately be determined by the bank’s performance in the coming years.

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