Citi Global Wealth hires are proof of European private bank ambitions
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
WEALTH

Citi Global Wealth hires are proof of European private bank ambitions

Citi has announced a raft of EMEA region hires across Citi Global Wealth, launched in January. It’s a sign the new division is coming together.

Citi-HQ-London-logo-iStock-960.jpg
Photo: iStock

Citi’s new global wealth management strategy is starting to take shape, with the creation of new roles within its private banking cluster, for the Europe, Middle East and Africa region.

Jeremy-Knowland, Citi_960x535.jpg
Jeremy-Knowland, Citi

Selim Elgen will be the new head of emerging markets, with Jeremy Knowland named the head of UK and Jersey, and James Holder to head the Europe region. On November 5, the US bank also announced that Mark Mills will be the new EMEA regional head for Citi Global Wealth Investments (CGWI), based in London.

This is the next step in the realization of a single, truly global wealth platform, itself a recognition by the US bank that private banking, once an adjunct of financial services, is now the key driver of growth and earnings.

In January, the bank created a new unit called Citi Global Wealth (CGW). It aligned the global consumer banking and institutional clients teams to serve clients across the wealth spectrum, from mass-affluents to ultra-high-net-worth (UHNW).

That division, headed by Jim O’Donnell, has since made several strategic hires, most of them internal and involving seasoned Citi executives.


Gift this article