NEW YORKâThe New York Fed’s Board of Directors appointed Jane Fraser, chair of the board and chief executive officer of Citi, to the Federal Reserve Board of Governors’ Federal Advisory Council for a one-year term, which began in January 2026.
The Federal Advisory Council is composed of one representative of the banking industry from each of the 12 Federal Reserve districts. The members consult with and advise the Federal Reserve Board on all matters within the Board’s jurisdiction. They ordinarily meet four times a year with the Board in Washington, D.C., on economic and banking developments, and make recommendations on Fed system activities. Members customarily serve three one-year terms.
At Citi, Fraser has held leadership roles across consumer and institutional businesses. Before becoming CEO in 2021, she was president of Citi and CEO of the Global Consumer Bank. She also served as global head of strategy and M&A, CEO of Citi’s Private Bank, and CEO of Citigroup Latin America, among other leadership roles. Fraser joined Citi in 2004 in the Corporate and Investment Banking division. Before joining Citi, Fraser was a partner at McKinsey & Company. Fraser holds an M.B.A. from Harvard Business School and an M.A. in economics from Cambridge University.
For more information on the Federal Advisory Council, including a list of the full membership, visit this webpage.
