Citi Lifts CEO Jane Fraser’s Pay by a Third to $34.5 Million (1)

Citigroup Inc. lifted Chief Executive Officer Jane Fraser’s total compensation to $34.5 million for 2024 — up a third from the previous year — as she continues to drive a plan for higher returns at the Wall Street bank.

Fraser’s pay, the vast majority of which is in the form of stock-linked awards, is up from the $26 million she received for 2023 and represents the biggest raise among CEOs of large US banks.

Jane Fraser

Photographer: Paul Yeung/Bloomberg

Of her new total compensation, almost $11.6 million is in the form of deferred stock, and $16.5 million is in performance share units, according ...