The British-born banker dubbed ‘Queen of Wall Street’ has been honoured with a damehood in the King’s birthday honours list.
Jane Fraser, chief executive of New York-based lender Citigroup, receives the honour for services to the financial sector.
Citigroup, worth around £175billion, is one of the biggest banks on the planet making Fraser the world’s most powerful female banker.
The 58-year-old has led the lender since 2021. Last year, she saw her pay climb to £31million, elevating her into the ranks of the best paid bosses on Wall Street.
She has been overseeing a major restructuring to try to revive its fortunes, with 20,000 jobs being axed globally. In a robust message to staff as she set out the shake-up, she told them to ‘get on board or get off the train’.
