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Citi names 306 MDs in first promotion round under boss Jane Fraser

Citi just promoted a new crop of MDs, one of the most coveted roles in banking
Citi just promoted a new crop of MDs, one of the most coveted roles in banking Photo: Getty Images

Citigroup just named 306 new managing directors — one of the highest ranks in the City — in the first round of promotions under chief executive Jane Fraser.

The US investment bank has unveiled its latest class of managing directors, one of the most coveted roles in banking, according to a memo from the bank's executive team seen by Financial News.

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