Citigroup said on Thursday it approved $42 million in total compensation for chief executive Jane Fraser for 2025, a rise of nearly 22% from the prior year, as the bank pointed to performance across core businesses and progress on regulatory requirements.
Jane Fraser pay package details for 2025
In a compensation filing, Citigroup said Fraser’s 2025 package includes a $1.5 million base salary and $6.075 million in cash incentive pay, with the remainder made up of deferred incentives. The bank said Fraser received $34.5 million in total compensation for 2024.
Citigroup said its board considered factors including results in core franchises, movement on regulatory and risk-management priorities, and pay comparisons for chief executives at peer financial institutions.
Investors back restructuring and business exits
Fraser has led a multi-year effort to simplify management and shrink the bank’s footprint through job cuts and divestitures. Citigroup shares rose 65.8% last year, outperforming many large banking peers and a broader index of bank stocks, according to the report.
Compliance work and consent orders remain a key focus
Citigroup is also working to resolve longstanding regulatory consent orders tied to risk, controls and data governance, which have constrained parts of the firm’s strategy. Executives have signaled increasing optimism that compliance work can be completed, though any lifting of consent orders would still require regulator sign-off.
The compensation increase follows similar pay moves disclosed by other Wall Street banks, as firms position for a potentially stronger year in capital markets and deal activity.