The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
WEALTH

Valderrabano promotion signals Citi’s global wealth intent

By making Valentin Valderrabano COO of Citi Global Wealth, the US bank demonstrates its willingness to think outside the box when promoting from within.

Valentin-Valderrabano-Citi-900.jpg

Citi has appointed Valentin Valderrabano chief operating officer of Citi Global Wealth (CGW), with a remit to transform the wealth-management division into a truly global client-facing body serving everyone from mass-affluents to the mega-high-net-worth.

Valderrabano was most recently consumer business manager for Citibank Korea, where he oversaw a renewed push into domestic wealth management and the phased shutdown of onshore retail operations as part of Citi’s wider Asia revamp. He will move to New York from Seoul in July, with Korea head of retail banking Ji-Kang Kim stepping into his role.

“As COO, Valentin will partner closely with me to run the day-to-day operation of the business,” Jim O’Donnell, chief executive of CGW at Citi, said in a statement.

Valderrabano will, in turn, replace Eduardo Martinez Campos, who will take the helm at Citi Wealth Services and Strategic Investments.

Seasoned talent

CGW is a $7.5 billion global wealth business with $800 billion in client assets, 3,000 relationship managers and 500,000 clients, posting an average return on tangible equity during the past five years of 20%. It aims to boost assets under management in its Asia wealth management business to $450 billion by 2025.

Citi


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree