Citi Unifies International Prosperity Administration Business

NEW YORK–(Company WIRE)–Citi introduced today that it has produced a one prosperity administration organization, Citi Global Prosperity, unifying wealth administration groups in International Purchaser Banking (GCB) and the Institutional Clients Team (ICG). Citi International Wealth is a solitary, integrated platform serving clientele throughout the prosperity continuum, from the affluent section to ultra-significant internet worthy of purchasers.

This new business will be led by Jim O’Donnell and will contain the Citi Private Bank and Citi Personal Prosperity Administration. Jim will report to Anand Selva, CEO of International Consumer Banking, and Paco Ybarra, CEO of the Institutional Clients Team.

In an inner memo announcing the development of the new business, Citi CEO Michael Corbat and Citi President and incoming CEO Jane Fraser claimed, “Making prosperity management a crucial differentiator and resource of improved returns for Citi will be a essential ingredient of our system heading ahead, and placing the whole power of our business at the rear of an providing in this way is indicative of the tactic we’re having to transforming our financial institution.”

Prior to his appointment to this new job, Mr. O’Donnell was Global Head of Investor Revenue and Connection Administration, responsible for the distribution of world-wide Markets merchandise to Citi’s Equities, Set Money, Currencies and Commodities customers. He joined Citi in July 1999.

“Our clientele are ever more world-wide in their presence and in their money demands, and we are dedicated to encouraging them maintain and create wealth for themselves, their families and for long term generations,” reported Jim O’Donnell, Head of Citi Global Prosperity. “Creating a unified Wealth corporation will aid us to deliver the whole, world electric power of Citi to clients while making sure that we maintain the merchandise, capabilities and expertise of the Private Financial institution and Customer Wealth businesses.

Citi’s Non-public Financial institution is focused to serving to the world’s wealthiest persons, families and law firms defend and responsibly increase their prosperity. With all-around $550 billion in full consumer small business, Citi Personal Lender serves much more than 13,000 UHNW clients, including 25% of the world’s billionaires and much more than 1,400 spouse and children offices across 50 metropolitan areas in in excess of 100 nations. Its exceptional enterprise product allows us to concentration on fewer, much larger and additional refined customers who have an ordinary net really worth above $100 million. Clientele love a very custom made practical experience, with obtain to a comprehensive array of items and expert services spanning investments, banking, lending, custody, prosperity preparing, actual estate, art, aircraft finance and lending, and much more with personalised suggestions, competitive pricing and effective execution.

Through its Citigold, Citigold Private Shopper and Citi Precedence offerings, Citi’s World wide Client Lender supplies institutional grade, individualized wealth management services to purchasers, which contains dedicated Prosperity groups, fund obtain and a assortment of unique privileges, desired pricing and added benefits to clientele close to the globe. The device has around $200 billion in financial investment property underneath management globally and serves customers in the U.S., Europe, the Center East, Asia and Mexico.

Citi

Citi, the leading world lender, has about 200 million shopper accounts and does organization in extra than 160 nations around the world and jurisdictions. Citi gives people, organizations, governments and establishments with a wide vary of fiscal merchandise and products and services, including customer banking and credit score, company and expense banking, securities brokerage, transaction providers, and prosperity management.

Extra information may be discovered at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog site: http://website.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/organization/citi