Citigroup plans to hire over 400 wealth advisers and bankers
Updated
Updated · Barron's · May 8
Citigroup plans to hire over 400 wealth advisers and bankers
9 articles · Updated · Barron's · May 8
At Thursday’s investor day, wealth head Andy Sieg said the recruits will support Citi’s wealth and retail banking unit, which manages about $1.3 trillion in client balances.
Citi also plans branch renovations, stronger small-business coverage and more technology investment, aiming to lift investment assets from 52% of balances to closer to 60%.
The push is part of CEO Jane Fraser’s turnaround, with the unit targeting mid-teens near-term ROTCE after improving to 8% in 2025 from 2% in 2024.
Citi's wealth strategy targets a $5 trillion opportunity, but can it finally convince its own clients to bring their money home?
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