Jane Fraser

Scotland lives to fight another day. Well done, team! #Euro2020

As one of the few female CEOs of a major institution, I know firsthand that there is still a long road ahead to reach gender equality. And that work needs to continue. That said, in my role, I also have the privilege of hearing incredible stories of progress that women are making in all corners of the world. And that should be celebrated – today and every day.
 
I’d like to applaud the women who work tirelessly to move their communities forward.
 
In honor of International Women’s Day and Women’s History Month, please take a moment to recognize the powerful, tenacious women in your life. And thank the allies who have played an important role in their success. #IWD2024 #WomensHistoryMonth

I had a sobering visit to Warsaw last week where I met colleagues from Poland and Ukraine. Despite everything our Ukrainian team faces, they’re on a mission to support their country and keep our bank operating where possible so we can support critical supply chains and help NGOs on the ground deliver aid. We couldn’t be more proud of them and of our team in Poland, who have also heroically risen to occasion and contributed to the humanitarian effort opening their homes and time to support their neighbors.

Today was an important day for Citi, our investors and our path forward to greater returns. We showcased one of the most exciting parts of our bank – our Services business – and demonstrated why we refer to it as our “crown jewel”. It is the reason we call Citi the world’s most global bank. The business serves 19,000 clients around the world, including 85% of the Fortune 500. Our network enables us to do business in nearly 180 different markets and move nearly $5 trillion for clients every single day – more than the GDP of Germany.
 
Over the course of our Services Investor Day, Shahmir Khaliq and his team lifted the hood on this remarkable business, showing what we do, who we serve and how we will continue to gain share – even after last year’s record performance. We have a relentless drive to deliver. Our vision is clear. The strategy is set. The pieces are in place.

Today we pay tribute to Supreme Court Justice Ruth Bader Ginsburg. She was a pioneer for gender equity, a champion of justice and a true icon. She dedicated her life to pursuing progress and paved the way for all of us. Let’s all remember and honor her legacy which will live on for future generations to come.

It was such a pleasure to spend a morning with Citi’s summer and full-time analysts and associates — representing 48 countries from over 500 schools — and a big thank you to Amanda Helfrich for moderating such an engaging discussion. Each year, I look forward to sitting down with our analysts and associates and answering their thoughtful questions about the future of our firm and the role we play for our clients. I left this year’s conversation feeling energized about the future of Citi and thoroughly impressed with the caliber of talent at our firm.

Our analysts and associates bring a fresh perspective to the work we’re doing, and their energy and optimism is truly unmatched. On behalf of Citi, thank you to all our analysts and associates for your hard work and resilience. I cannot wait to see all that you accomplish in your careers.

Seeing the images of devastation in Florida, all of us at Citi are heartbroken for those who are assessing the damage and beginning to rebuild their homes in the aftermath of Hurricane Ian. The Citi Foundation has committed more than $1 million to the American Red Cross and Save the Children to aid in recovery and relief efforts in communities hit hardest by Hurricane Ian as well as the communities in Puerto Rico and the Dominican Republic that were affected by Hurricane Fiona earlier this month. We continue to monitor Hurricane Ian closely given that we have colleagues in Georgia, South Carolina and other parts of the Southeast. We will continue doing whatever we can to make sure our people are safe and supported during the recoveries. For those of you who have endured these storms or are still in harm’s way, we are keeping you in our thoughts and hearts.

What a pleasure to visit our teams and meet with clients in Japan and Singapore this week as we celebrate Citi's 120th anniversary in six markets in APAC. While some parts of the region still face significant challenges from the pandemic, many markets are moving through the recovery and reclaiming a sense of normalcy. I still feel the energy from having 1,100 people at our Singapore Town Hall—friends seeing each other in person for the first time in two years—and having nearly 400 clients at our celebration in Tokyo.

APAC is a critical part of Citi’s go-forward strategy and our efforts to deliver for clients. Singapore is one of our key wealth hubs, and we have the largest network of Japan Desks of any foreign bank. Amidst extreme disruption and complex macroeconomic dynamics, Asia embodies Citi’s core strength in being able to leverage our global network and expertise to help clients solve their toughest challenges and connect them to the rest of the world, and vice versa. Whether it’s helping clients manage their risks from geopolitical tensions, digitize their business, or expand overseas, we have the ability to connect and do business in 160 countries.

I am thrilled to extend Titi Cole a warm welcome to our #Citi consumer family! We’re excited to have your breadth of industry experience and results-driven leadership heading our Global Operations and Fraud Prevention. I’m personally looking forward to working together.

We are focused on progress, not pronouncements. That is why is we call our effort to close the racial wealth gap “Action for Racial Equity”. And it is why I am so proud that within a year of launch, we have already invested $1bn toward expanding economic opportunity of color. There is still a lot more to do and a lot more to come. We are meeting this challenge with the urgency it deserves and are taking our efforts to the next level. See our full Year One Progress Report here: