Feb 12 (Reuters) – Citigroup said on Thursday it had approved $42 million for CEO Jane Fraser’s 2025 total compensation, up nearly 22% year over year.
The compensation includes $1.5 million of base salary, $6.075 million in cash incentive and the rest in deferred incentives, the bank said. Fraser had received $34.5 million in total compensation in the previous year.
The move follows similar hikes for top bosses at rivals Goldmans Sachs and Morgan Stanley, as the Wall Street giants gear up for what is widely expected to be a bumper year for dealmaking.
(Reporting by Ateev Bhandari in Bengaluru; Editing by Alan Barona)
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