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Citi Unifies World wide Wealth Management Organization

3 min read

NEW YORK–(Enterprise WIRE)–Jan 13, 2021–

Citi announced right now that it has produced a one prosperity administration organization, Citi Worldwide Prosperity, unifying wealth management teams in Global Client Banking (GCB) and the Institutional Customers Group (ICG). Citi World-wide Wealth is a solitary, built-in system serving purchasers throughout the wealth continuum, from the affluent phase to ultra-significant net truly worth shoppers.

This new group will be led by Jim O’Donnell and will involve the Citi Non-public Bank and Citi Individual Prosperity Management. Jim will report to Anand Selva, CEO of Worldwide Consumer Banking, and Paco Ybarra, CEO of the Institutional Clients Group.

In an inside memo asserting the development of the new enterprise, Citi CEO Michael Corbat and Citi President and incoming CEO Jane Fraser reported, “Making wealth management a critical differentiator and supply of improved returns for Citi will be a vital aspect of our method likely ahead, and placing the complete force of our business driving an supplying in this way is indicative of the method we’re using to transforming our lender.”

Prior to his appointment to this new position, Mr. O’Donnell was Worldwide Head of Investor Income and Partnership Administration, liable for the distribution of world-wide Marketplaces items to Citi’s Equities, Fixed Income, Currencies and Commodities clientele. He joined Citi in July 1999.

“Our clients are ever more international in their existence and in their economical demands, and we are dedicated to aiding them preserve and create wealth for on their own, their households and for potential generations,” mentioned Jim O’Donnell, Head of Citi World-wide Prosperity. “Creating a unified Prosperity organization will aid us to provide the complete, international electric power of Citi to purchasers when ensuring that we protect the products, abilities and knowledge of the Personal Lender and Shopper Wealth firms.

Citi’s Non-public Financial institution is committed to supporting the world’s wealthiest persons, families and legislation corporations safeguard and responsibly grow their prosperity. With all around $550 billion in complete client enterprise, Citi Personal Bank serves far more than 13,000 UHNW clientele, such as 25% of the world’s billionaires and much more than 1,400 family offices throughout 50 towns in over 100 international locations. Its exceptional small business design allows us to concentrate on less, larger and a lot more innovative purchasers who have an typical internet worth over $100 million. Customers delight in a highly custom-made practical experience, with accessibility to a comprehensive vary of products and solutions and products and services spanning investments, banking, lending, custody, prosperity organizing, real estate, artwork, plane finance and lending, and far more with customized guidance, competitive pricing and efficient execution.

By way of its Citigold, Citigold Non-public Client and Citi Precedence offerings, Citi’s World wide Customer Bank provides institutional grade, personalised prosperity management companies to purchasers, which contains committed Wealth teams, fund entry and a variety of distinctive privileges, preferred pricing and gains to purchasers all over the globe. The unit has roughly $200 billion in investment decision belongings under administration globally and serves customers in the U.S., Europe, the Middle East, Asia and Mexico.

Citi

Citi, the major global financial institution, has roughly 200 million shopper accounts and does small business in additional than 160 international locations and jurisdictions. Citi delivers people, businesses, governments and institutions with a wide variety of monetary goods and companies, which includes buyer banking and credit, corporate and financial investment banking, securities brokerage, transaction providers, and wealth management.

More info may be identified at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Weblog: http://blog site.citigroup.com | Facebook: www.fb.com/citi | LinkedIn: www.linkedin.com/corporation/citi

Perspective source edition on businesswire.com:https://www.businesswire.com/information/dwelling/20210113005909/en/

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PUB: 01/13/2021 05:01 PM/DISC: 01/13/2021 05:02 PM

http://www.businesswire.com/news/household/20210113005909/en

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