JANE FRASER APPOINTED TO FEDERAL ADVISORY COUNCIL FOR THE NEW YORK FED

The following information was released by the Federal Reserve Bank of New York:

The New York Feds Board of Directors appointed Jane Fraser, chair of the board and chief executive officer of Citi, to the Federal Reserve Board of Governors Federal Advisory Council for a one-year term, which began in January 2026.

The Federal Advisory Council is composed of one representative of the banking industry from each of the 12 Federal Reserve districts. The members consult with and advise the Federal Reserve Board on all matters within the Boards jurisdiction. They ordinarily meet four times a year with the Board in Washington, D.C., on economic and banking developments, and make recommendations on Fed system activities. Members customarily serve three one-year terms.

At Citi, Fraser has held leadership roles across consumer and institutional businesses. Before becoming CEO in 2021, she was president of Citi and CEO of the Global Consumer Bank. She also served as global head of strategy and MandA, CEO of Citis Private Bank, and CEO of Citigroup Latin America, among other leadership roles. Fraser joined Citi in 2004 in the Corporate and Investment Banking division. Before joining Citi, Fraser was a partner at McKinsey and Company. Fraser holds an M.B.A. from Harvard Business School and an M.A. in economics from Cambridge University.