Jane Fraser; Lubna Olayan

Jane Fraser is Chair and Chief Executive Officer of Citi, the world's most global bank serving clients in nearly 180 countries. Born July 13, 1967 in St. Andrews, Scotland, she studied economics at Girton College, University of Cambridge (1988) and earned an MBA from Harvard Business School (1994). Fraser holds the distinction of becoming the first woman to lead a major Wall Street bank, an achievement recognized when she was appointed CEO of Citigroup in 2021.

Career history

• Analyst in Mergers & Acquisitions, Goldman Sachs (London)
• Analyst, Asesores Bursátiles (Madrid, Spain)
• Consultant and Partner, McKinsey & Company (approximately 10 years)
• Joined Citi in 2004 in Corporate and Investment Banking division
• Global Head of Strategy and Mergers & Acquisitions, Citi (2007-2009)
• CEO of Citi Private Bank (2009-2013)
• CEO of U.S. Consumer and Commercial Banking and CitiMortgage (2013-2015)
• CEO of Citigroup Latin America (2015-2019)
• President of Citi and CEO of Global Consumer Bank (2019-2021)
• Chair and CEO of Citi (2021-present); Chair since October 2025

Fraser's tenure has been marked by large-scale restructuring, regulatory scrutiny, and efforts to restore Citigroup's competitiveness among the largest U.S. banks. She led Citigroup through the 2008 financial crisis as Global Head of Strategy and M&A, and returned Citi Private Bank to profitability during her four-year tenure as CEO. She was named to Fortune's "Most Powerful Women in Business" list in 2014 and 2015 and was called the "Number 1 Woman to Watch" by American Banker for two consecutive years.

What Fraser could bring to U.S.-Saudi Business Council Co-Chair role:

Fraser's appointment as U.S. Co-Chair reflects Citi's deepened commitment to the Saudi market and her extensive experience navigating complex, emerging-market economies during her tenure in Latin America. Under her leadership, Citi has reinforced its significant and strategic presence in Saudi Arabia, expanding operations and investing in growing local talent. Her decades of cross-border banking expertise, crisis management capabilities, and proven track record simplifying complex financial institutions positions her to drive meaningful bilateral economic collaboration and modernization initiatives aligned with Saudi Arabia's Vision 2030.