Citi’s Ida Liu to Exit as Private Bank Is Overhauled
Ida Liu, the head of Citi’s private bank, will exit this month. Andy Sieg, who runs the bank’s wealth business, said on Monday in a memo that Liu had informed him of her decis
Citi’s private-bank chief is leaving
Ida Liu, an 18-year veteran of the bank, did not detail her future plans. Citi eliminated her post and will instead have four regional private-banking chiefs.
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Citi revamps private bank's leadership following Ida Liu's exit
The megabank is simplifying the management structure of its private bank. Regional leaders will now report directly to Andy Sieg, head of wealth.
Citi Reworks Its Private Bank as Head Leaves Firm After 18 Years
Citigroup Inc. is revamping the management structure of its private bank following the resignation of Ida Liu, who’s led the unit for almost four years.
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JP Morgan pushes big six US bank issuance to record
US money center bank's perp propels systemically important firms' January issuance to near-$49bn monthly record
How Much Your Wall Street Bonus Is Really Worth
The value of a Wall Street bonus at the time of the award often ends up being far different than what bankers collect several years on when it vests.
War On DEI: Deutsche Bank Stands ‘Firmly Behind’ Diversity Program As These Major Organizations Drop Them
Following Trump's lead, organizations including Walmart, Lowe’s and Meta, have announced they would scale back their commitments to diversity, equity and inclusion programs.
Nasdaq Private Market Announces Partnership with KittyHawk
KittyHawk focuses on investments across artificial intelligence, longevity, advanced materials, MedTech, FinTech, cybersecurity, robotics, aerospace, SaaS, climate, and more. Through its partnership with NPM,
The Social Security Administration’s new boss is an unmatched operator—and now the second biggest business figure in Trump-land
He's known as a Jamie Dimon protegé, a 9/11 hero, and an operational expert. Now Fiserv's Frank Bisignano can add government hell-raiser to his résumé.
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OfBusiness converts into public company ahead of IPO
Industrial goods and services procurement platform OfBusiness is preparing for a definitive initial public offering (IPO) in 2025. The company has taken its first significant step toward going public by converting into a public entity.
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People: new leader for LCH, Pham lands CFTC top job, and more
De Verdelon is currently group head of LCH SwapClear and listed rates, having joined London Stock Exchange Group, LCH ’s owner, in 2017. She previously held sales and strategy roles as a managing director in Goldman Sachs’ securities division. She will report to Daniel Maguire, group head of LSEG ’s markets division and CEO of LCH Group.
Citigroup overhauls private banking
Citigroup is reorganizing its private banking division, with regional heads now reporting to Andy Sieg, the bank's new wealth management chief.