TOP 100 | LEADERS

Title: Chief Executive Officer Company: Citigroup Industry: Banking

History-making was the easy part. Jane Fraser became the first woman to run a major Wall Street bank, then took the harder assignment, making Citigroup make sense. The Scottish former McKinsey partner exited a dozen consumer businesses, flattened the organisation and dragged ancient technology into the present under regulatory deadline. The sceptics have come round, with the stock’ s revival among big banking’ s best and the Banamex separation delivered. She talks empathy, then executes with a surgeon’ s detachment. Citi’ s transformation was the job nobody wanted. It looks like the era’ s best turnaround.

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