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The recognition follows a strong first quarter for Citi and comes shortly after the bank's Investor Day in New York, where Fraser and leaders from its five business units outlined strategies aimed at delivering stronger and more sustainable returns.
The event also featured the announcement of new near- and medium-term Return on Tangible Common Equity (ROTCE) targets.
Why it matters
Fraser's rise reflects a broader shift in global finance, where women are taking on increasingly influential leadership roles and helping shape the direction of some of the world's largest financial institutions.
Since becoming CEO in 2021, Fraser has led a sweeping transformation of Citi, focusing on simplifying operations, strengthening governance, improving profitability, and positioning the bank for long-term growth.
Fortune cited the company's market value growth during her tenure, alongside progress in executing its transformation strategy and enhancing performance across the organization.
By the numbers
Citi reported first-quarter revenues of $24.6 billion on April 14, up 14 percent from a year earlier, while net income climbed 42 percent to $5.8 billion.
The results underscored continued momentum across the bank's businesses and reinforced investor confidence in the effectiveness of Citi's ongoing transformation efforts under Fraser's leadership.
Now in its 29th year, Fortune's Most Powerful Women in Business list recognizes female executives who are shaping the global business landscape and driving meaningful impact across industries.
The bigger picture
This year's ranking includes leaders from 94 companies worldwide, underscoring the growing presence of women at the highest levels of corporate leadership.
The list features 50 women from Fortune Global 500 firms, 39 from Fortune 500 companies, 18 from Fortune 500 Europe companies, five from Fortune 500 China companies, and two from Fortune Southeast Asia 500 companies.
Collectively, the executives oversee 11.8 million employees, represent $7.3 trillion in annual revenue, hold 180 board seats, and span 20 countries and territories, highlighting the expanding influence of women in steering the world's largest businesses. —Ramon C. Nocon| Ed: Corrie S. Narisma
