Mark Mason (executive)

Last updated
Mark Mason
Mark Mason.jpg
Mason in December 2023
Nationality American
Alma mater Howard University (BBA)
Harvard University (MBA)
OccupationChief financial officer (CFO)
Employer Citigroup
SpouseCarolyn Mason

Mark Mason is an American business executive, serving since 2019 as the chief financial officer (CFO) of Citigroup. [1] He is one of the few black executives on Wall Street. [2]

Contents

Early life and education

Mason was raised in Queens, New York, and as a teenager he worked for his grandparents, who ran carpentry and landscaping businesses. [1] He earned a Bachelor of Business Administration (BBA) in finance and graduated with honors from Howard University. He then went on to earn a Master of Business Administration (MBA) degree from Harvard Business School. [3] Mark Mason is a brother of Kappa Alpha Psi.

Career

Mason joined Citigroup in 2001 and has held a number of executive positions at the firm, including chief financial officer of Citi’s Institutional Clients Group, chief executive officer of Citi Private Bank, chief executive officer of Citi Holdings, and chief financial officer and head of strategy and M&A for Citi’s Global Wealth Management Division. [4] Mason is currently the firm’s CFO. [5] [6] [7]

Board membership

Mason has been on the board of trustees of Howard University since 2012 and has been vice chair of the board of trustees since July 1, 2017. [8]

Related Research Articles

<span class="mw-page-title-main">Citigroup</span> American multinational investment bank and financial services corporation

Citigroup Inc. or Citi is an American multinational investment bank and financial services company in New York City. The company was formed by the merger of Citicorp, the bank holding company for Citibank, and Travelers in 1998; Travelers was spun off from the company in 2002.

<span class="mw-page-title-main">Citibank</span> American banking company

Citibank, N.A. is the primary U.S. banking subsidiary of Citigroup, a financial services multinational corporation. Citibank was founded in 1812 as City Bank of New York, and later became First National City Bank of New York. The bank has branches in 19 countries. The U.S. branches are concentrated in six metropolitan areas, New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami.

<span class="mw-page-title-main">Robert Rubin</span> American banking executive, lawyer, and government official

Robert Edward Rubin is an American retired banking executive, lawyer, and former government official. He served as the 70th U.S. Secretary of the Treasury during the Clinton administration. Before his government service, he spent 26 years at Goldman Sachs, eventually serving as a member of the board and co-chairman from 1990 to 1992.

<span class="mw-page-title-main">Charles Prince</span> American corporate executive and lawyer (born 1950)

Charles Owen "Chuck" Prince III is an American corporate executive and lawyer. He is a former chairman and chief executive of Citigroup. He succeeded Sandy Weill as the chief executive of the firm in 2003, and as the chairman of the board in 2006. On November 4, 2007, he retired from both his chairman and chief executive duties due to unexpectedly poor 3rd quarter performance, mainly due to CDO and MBS related losses, while still receiving a $38m pay package.

<span class="mw-page-title-main">Sallie Krawcheck</span> American business executive (born 1964)

Sallie L. Krawcheck is the former head of Bank of America's Global Wealth and Investment Management division and is currently the CEO and co-founder of Ellevest, a digital financial advisor for women launched in 2016. She has been called "the most powerful woman on Wall Street."

<span class="mw-page-title-main">Citibank (Hong Kong)</span> Franchise subsidiary of Citigroup

Citibank Limited is the division of Citigroup that operates in Hong Kong Island, Kowloon and New Territories. It has 15 branches for operating retail banking. Citibank 's address of the principal place of business is Citi Tower, One Bay East, No. 83 Hoi Bun Road, Kwun Tong, Kowloon. However, Citibank, N.A. Hong Kong branch office is located on the 50th floor of Champion Tower, 3 Garden Road, Central, Hong Kong which doesn't operate retail banking.

<span class="mw-page-title-main">John Thain</span> American businessman

John Alexander Thain is an American financial executive and investment banker. He was president and co-COO of Goldman Sachs, and then CEO of the New York Stock Exchange. Thain then became the last chairman and CEO of Merrill Lynch & Co. before its merger with Bank of America. He was designated to become president of global banking, securities, and wealth management at the newly combined company, but resigned on January 22, 2009. Ken Lewis, CEO of Bank of America, reportedly forced Thain to step down after several controversies, such as the losses at Merrill Lynch which proved to be far larger than previously estimated, and the award of huge executive bonuses. Thain then was chairman and CEO of the CIT Group. He has been a board member of Uber since 2017.

<span class="mw-page-title-main">Charles Noski</span> American business executive

Charles H. Noski was the Chairman of the Board of Directors of Wells Fargo & Company from March 2020 to August 2021. He previously held a variety of positions, including the position of CFO at AT&T, Bank of America, and Northrop Grumman, as well as the positions of director and chairman of the audit committee of Microsoft.

Gary Lewis Crittenden is an American financial manager. He is an executive director of HGGC, and was previously CEO and chairman. He is also the former chairman of Citi Holdings. He was chairman of Citadel, Power Holdings, and iQor; lead independent director of Pluralsight; and has sbeen on the boards of Extra Space Storage, Staples Inc., Ryerson, Inc., TJX Companies, and Utah Capital Investment Corp. From 2000 to 2007, Crittenden was executive vice president and chief financial officer (CFO) of American Express, and from March 2007 to March 2009, he was the chief financial officer of Citigroup.

<span class="mw-page-title-main">Vikram Pandit</span> Indian-born American banker

Vikram Shankar Pandit is an Indian-American banker and investor who was the chief executive officer of Citigroup from December 2007 to 16 October 2012 and is the current chairman and chief executive officer of The Orogen Group.

Thomas (Tom) G. Maheras is an American finance executive that is currently a managing partner of Tegean Capital Management, LLC, a New York-based hedge fund.

<span class="mw-page-title-main">Ajay Banga</span> American business executive (born 1959)

Ajaypal Singh "Ajay" Banga is an Indian-born American business executive. He is currently the president of the World Bank Group. He was the executive chairman of Mastercard, after having previously served as president and chief executive officer (CEO) of the company from July 2010 until December 31, 2020. He retired from this position on December 31, 2021, and joined General Atlantic as its vice chairman.

John E. Havens is the former chairman of Citigroup spinoff, Napier Park Global Capital, and is also the former president and chief operating officer of Citigroup.

Michael E. O'Neill is an American business executive. He served as chairman of Citigroup from 2012 to 2019.

<span class="mw-page-title-main">Michael Corbat</span> American banker (born 1960)

Michael Louis "Mike" Corbat is an American banker who served as the chief executive officer of Citigroup from 2012 to 2021. His 2012 welcome from The New York Times described him as a "Jack-of-All-Trades".

<span class="mw-page-title-main">Deborah Chase Hopkins</span> American business executive

Deborah C. Hopkins is CEO of Double Chase Advisors and is an independent corporate board member. She was Citigroup's Chief Innovation Officer, a position she held beginning in 2008, and CEO of Citi Ventures beginning in 2010. She retired from Citigroup, effective December 31, 2016.

<span class="mw-page-title-main">Ruth Porat</span> American businessperson (born 1958)

Ruth Porat is a British–American business executive who is the President and Chief Investment Officer of Alphabet and its subsidiary Google, LLC and prior to that was Chief Financial Officer of the same companies from 2015 to 2024. Prior to joining Google, Porat was the Executive Vice President & Chief Financial Officer of Morgan Stanley from January 2010 to May 2015.

<span class="mw-page-title-main">Jane Fraser (executive)</span> British-American banking executive (born 1967)

Jane Fraser is a British-American banking executive who is the chief executive officer (CEO) of Citigroup, a position she has held since March 2021. Educated at Girton College, Cambridge, and Harvard Business School, she worked at McKinsey & Company for 10 years, rising to partner prior to joining Citigroup in 2004. In 2019, she was named president of Citigroup and CEO of its consumer banking division.

Stephan Sturm is a German businessman, and the chief executive officer (CEO) of Fresenius since July 2016.

Thomas C. Naratil is an American business executive in the financial industry. After serving as president of both UBS Wealth Management Americas and UBS Americas since early 2016, Naratil was appointed CEO of UBS Americas Holding LLC and became co-president of Global Wealth Management of UBS Group AG and UBS AG in early 2018.

References

  1. 1 2 "Citigroup CFO, Longest-Serving Finance Chief on Wall Street, to Retire". The Wall Street Journal. September 4, 2018.
  2. "Citigroup's Mason expresses horror over Minneapolis killing". Reuters. May 29, 2020.
  3. "Mark Mason". Bloomberg L.P. July 30, 2021.
  4. "Mark Mason". Council of Urban Professionals. June 2, 2021.
  5. "Race in America: Corporate Initiatives with Mark Mason, Citi Chief Financial Officer". The Washington Post. June 2, 2021.
  6. "Citi CFO Mason warns of mixed year for bank even as recovery continuesr". Reuters. June 15, 2021.
  7. "Citigroup makeover should drive higher returns, CFO says". American Banker. February 25, 2021.
  8. "Mark A. L. Mason". Howard University. September 4, 2018.