Breaking banking’s glass ceilingCitigroup made history by appointing Jane Fraser as its next chief executive, making her the first woman to lead a major Wall Street bank when she takes over early next year. She was previously C.F.O., and after an executive shake-up last year has been considered a top contender to succeed Jamie Dimon. Jennifer Piepszak: She succeeded Ms. Lake as JPMorgan’s C.F.O. Like Ms. Lake, she is seen as a leading candidate to take over from Mr. Dimon — though her boss hasn’t indicated that he will step down anytime soon. Cathy Bessant: She is currently Bank of America’s chief operating and technology officer, and a repeat winner of American Banker’s Most Powerful Woman in Banking award.

Source: New York Times September 11, 2020 11:37 UTC