The Wall Street Journal reported Citigroup has tapped its Latin America chief, Jane Fraser, to serve as the bank’s No. 2 executive, putting her atop the list to succeed Chief Executive Michael Corbat.
According to the Journal, Fraser was named president and head of Citigroup’s consumer bank, where she replaces Stephen Bird, who had been considered a potential CEO candidate. The Journal reported Bird is leaving the bank after being passed over for the president role, according to people familiar with the matter.
