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Citi ramps up private bank hiring in North America expansion

Original: Citi hires up in push to overtake private bank competitors Under BofA alum Chris Biotti, Citi’s private bank is targetin

Citi is expanding its private bank across North America, hiring new leaders in a bid to overtake rivals. The push is led by Chris Biotti, a former Bank of America executive, and targets an estimated $3 trillion in untapped client assets in the region. The move signals Citi's ambition to close the gap with competitors in wealth management.

Why now: Citi's aggressive hiring push to challenge rivals in private banking is a notable competitive shift in wealth management.

CitiChris BiottiBank of America

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Evidence

• Citi hires up in push to overtake private bank competitors Under BofA alum Chris Biotti, Citi’s private bank is targeting $3 trillion in untapped North American client assets by installing new leaders across the region. https://www. bankingdive.com/news/citi-priv… · AlexJimenez@mas.to · 1

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