Citigroup’s Jane Fraser Bucks Rivals as 2022 Pay Rises to $24.5 Million

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By Jennifer Surane

February 21, 2023 at 10:35 PM UTC

This article is for subscribers only.

Citigroup Inc. awarded Chief Executive Officer Jane Fraser $24.5 million in pay for 2022, making her the only major US bank CEO to receive a bump in compensation for the year.

In her first full year atop the company, Fraser, 55, was granted stock awards totaling about $19.6 million, a cash bonus of $3.45 million and $1.5 million in salary, the New York-based bank said in a filing Tuesday.