Citigroup said on Tuesday it had set Chief Executive Officer Jane Fraser's 2024 compensation at $34.5 million. The compensation includes $1.5 million of base salary, $4.95 million in cash incentive and the rest in deferred incentives,

Citigroup Inc. lifted Chief Executive Officer Jane Fraser’s total compensation to $34.5 million for 2024 — up a third from the previous year — as she continues to drive a plan for higher returns at the Wall Street bank.

Citigroup chief executive Jane Fraser closed the pay gap with her male rivals after getting a substantial raise for 2024. The bank raised Fraser’s pay by 33% to US$34.5m.

CEO Jane Fraser received the highest year-over-year pay increase in 2024, with her annual compensations increasing by $8.5 million. JPMorgan Chase & Co. (JPM) chief executive Jamie Dimon and Goldman Sachs (GS) CEO David Solomon maintain the highest pay packages,

Citigroup said on Tuesday it had set Chief Executive Officer Jane Fraser's 2024 compensation at $34.5 million, 33% more than the previous year. The compensation includes $1.5 million of base salary, $4.

The compensation includes $1.5 million of base salary, $4.95 million in cash incentive and the rest in deferred incentives, the bank said

Fraser’s pay, the vast majority of which comes in stock-linked awards, is up from the US$26 million she received for 2023.