New York (CNN Business) Citigroup made history Thursday by naming Jane Fraser as its next CEO. She will become the first woman to lead a major US bank. Jane Fraser will become Citigroup's next CEO in February"I have worked with Jane for many years and am proud to have her succeed me," Corbat said in a statement. While Corbat helped stabilize Citi following the Great Recession , Fraser will be taking over one of the nation's largest banks at a time of vast economic uncertainty. "This is a groundbreaking for Wall Street, banking and finance," Mike Mayo, banking analyst at Wells Fargo, told CNN Business.

Source: CNN September 10, 2020 12:57 UTC