Citi Revamps Wealth Division with Katie Moore as New Chief Investment Officer

Citi has named Kate Moore, formerly BlackRock’s head of thematic strategy for its $50 billion global allocation business, as the new Chief Investment Officer for its wealth unit. This appointment continues a series of strategic moves by Jim O’Donnell, formerly of Bank of America’s Merrill Lynch, to revamp Citi’s wealth operations. As reported, these strategies have included significant changes in management and senior appointments from outside the organization, efforts to deepen client engagement, and advancements in technology. The team has also approved retention bonuses to maintain talent during this transformative period. For further details, please refer to the full ThinkAdvisor article.