Key Takeaways
- Rumors regarding Jane Fraser’s passing are false.
- The confusion about Fraser’s passing may have stemmed from the passing of Marianne Kilonzi, a Citibank executive.
- Jane Fraser succeeded Michael Corbat as CEO in 2021, marking a historic milestone for Citigroup.
Jane Fraser, 53, the British-American CEO of Citibank, is still alive and has not passed away as of January 27, 2025.
Despite some circulating rumors suggesting her de*th, these claims are false.
Fraser remains actively involved in her role as CEO, fulfilling her responsibilities with dedication and commitment.
The confusion surrounding Jane Fraser’s status may have originated from the tragic passing of Marianne Kilonzi, another high-ranking Citibank executive.
At the age of 43, Marianne, who had a long and successful career at Citibank, tragically passed away on January 17, 2025.
She was found beaten to d*ath in her London flat from blunt-force trauma and a severe head injury.
In the wake of Marianne’s demise, police in the UK have launched an international manhunt to find the suspect responsible for the crime, but as of now, no arrests have been made.
Marianne’s loss is not only a personal tragedy for her family and friends but also for the entire Citibank community, where she had made significant contributions during her tenure.
In a statement, a Citibank spokesperson expressed the company’s collective grief, saying:
We are deeply saddened by the tragic loss of our colleague. Our thoughts are with Marianne’s family and friends during this difficult time.
Via BBC
The statement further emphasized the lasting impact of Marianne’s work at Citibank and how she will be remembered for her contributions to the company and her exceptional leadership.
At this time, Jane Fraser, who took over as CEO of Citibank in March 2021, is also mourning the loss of Marianne.
The two had worked closely together, and Marianne’s support had been instrumental in Jane’s career progression.
Despite the personal tragedy, Fraser is actively continuing her work in the New York City Metropolitan Area, where she is based.
She remains focused on Citibank’s goals and is ensuring that the bank remains a global leader in the financial services industry.
The Road to Citibank CEO: Jane Fraser’s Career Highlights
Jane Fraser’s career began after she graduated from Girton College, Cambridge, where she studied economics, and later earned an MBA from Harvard Business School.
She began her professional journey at McKinsey & Company in 1994, working in financial services and global strategy, ultimately rising to a partner position.
After a decade at McKinsey, she transitioned to Citigroup in 2004, taking on the role of Head of Client Strategy within its investment and global banking division.
She quickly advanced through the ranks, serving as Global Head of Strategy and Mergers and Acquisitions by 2007.
In 2009, she became CEO of Citi Private Bank, where she turned the division around, returning it to profitability during her four-year tenure.
Fraser continued to rise within Citigroup, becoming CEO of Citigroup Latin America in 2015, where she oversaw operations in 24 countries and worked to instill a U.S.-like culture at Banamex.
By 2019, she was appointed President of Citigroup and Head of Global Consumer Banking, managing the bank’s consumer businesses across 19 markets.
In 2021, Fraser made history as the first woman to become CEO of Citigroup, succeeding Michael Corbat.
Under her guidance, Citigroup has embraced new approaches to workforce management, and Fraser has continued to elevate the bank’s presence on the global stage.
In Case You Didn’t Know
- Jane Fraser was born on July 13, 1967, in St Andrews, Scotland, UK.
- She is married to Alberto Piedra, a former banker from Cuba, and they have two sons.
