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Citi marks a quiet transition as Fraser takes the reins

For all the anticipation of leadership change at Citi — the bank announced in September that Jane Fraser would become the first woman to lead a U.S.-based bank of its size, and hints of her ascent were predicted as early as 2019 — the new CEO’s first day went by, relatively sub-radar.

Fraser’s pledge that Citi would achieve net-zero greenhouse-gas emissions in its financing activities by 2050 was perhaps the splashiest announcement to come out of her first day atop the company.

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