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.

Fraser’s pay represents the biggest raise among CEOs of large US banks.

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

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,