Citigroup to Double North America Private Banking Force…hmmm

Posted on March 10, 2010 by rockingjude
Citigroup Center in Manhattan.
Image via Wikipedia

BY BRETT PHILBIN

NEW YORK — Citigroup Inc. plans to roughly double the size of its private banker force in North America over the next several years.

In an interview with Dow Jones Newswires, Citi Private Bank’s North America Chief Executive Peter Charrington said he would like the unit, which boasts 130 bankers, to reach a total of about 260.

Building up the private bank, which targets investors with a net worth of at least $25 million, is an important growth area for Citi after the bank formed a joint venture with its Smith Barney brokerage and http://bit.ly/9kgXAN)


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