# Citibank

Citibank is a Bank / Wealth / Trust based in New York, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1812
- **Assets under management:** Undisclosed
- **Website:** citi.com
- **LinkedIn:** https://www.linkedin.com/company/goldfish
- **Wikidata:** Q591866

## Regulatory record

- **Reports private funds:** No

## About

Citi is the leading global bank. Citi strives to create the best outcomes for our clients and customers with financial solutions that are simple, creative and responsible.

## Sectors

- Financial Services
- Wealth Management
- Private Banking
- Investment Banking
- Markets & Securities Services

## Offices

- London, United Kingdom
- Singapore, Singapore
- Hong Kong, Hong Kong
- Dubai, United Arab Emirates
- Dublin, Ireland

## People

- Jane Fraser — Chief Executive Officer
- Andy Sieg — Head of Wealth
- Mark Mason — Chief Financial Officer

## Questions

### Who runs investment decisions at Citibank's private bank?

Citi Private Bank operates within Citi Global Wealth under Head of Wealth Andy Sieg, who joined from Bank of America Merrill Lynch in 2023. Day-to-day investment decisions for private banking clients rest with dedicated portfolio managers and the Global Investment Committee, which sets tactical and strategic asset allocation. The Private Bank's direct-investment group manages sourcing and due diligence for private equity, private credit, and other alternative co-investments.

### How does Citi source proprietary deal flow for its family-office clients?

Citi's deal flow for ultra-high-net-worth clients originates primarily through Citi Global Markets and the Investment Bank, which underwrites and distributes institutional transactions across equity, debt, and structured products. The Private Bank's direct-investments team also curates a pipeline of co-investment opportunities and club deals alongside institutional GPs and corporate clients. This embedded-in-the-bank model differs from standalone multi-family offices that must build external origination networks.

### Does Citi participate in fund commitments or only direct deals for private clients?

Citi Private Bank offers both: clients can access curated third-party funds — including private equity, venture capital, private credit, and hedge funds — through the bank's open-architecture platform, as well as direct co-investment opportunities sourced through institutional channels. The mix depends on client mandate, with larger single-family-office-style relationships tending toward direct and co-investment structures.

### Which regions does Citi Global Wealth emphasize for international families?

Citi's wealth business maintains its strongest international private banking hubs in Singapore, Hong Kong, London, and Dubai, reflecting where its institutional and custody networks are deepest. The bank's ongoing restructuring has reaffirmed these four booking centers as core to the global wealth strategy, alongside its dominant US franchise headquartered in New York.

### How is Citi's wealth business related to the wider reorganization announced in 2024?

As part of CEO Jane Fraser's January 2024 simplification plan, Citi combined its wealth management and US personal banking into a single unit reporting to Andy Sieg. The restructuring eliminated layers of international management and aims to reduce headcount by 20,000, while leaving the five core businesses — including the newly merged wealth unit — with direct CEO visibility. This tightens the operational link between the Private Bank's ultra-high-net-worth clients and the broader institutional platform.

## Related profiles

- [Citi Community Capital](https://altss.com/profile/citi-community-capital)
- [CITIC Guoan Group](https://altss.com/profile/citic-guoan-group)

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Updated: 2026-06-03T20:00:00.000Z

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