Citi Private Bank announced the appointment of a global head of Investments who will oversee the wealth manager's investment business worldwide.
Based in New York David Bailin will have responsibility for investment management and capital markets activities and the formulation of investment strategy, advice, solutions and execution across all asset classes for all Private Bank clients globally.
Before taking on the new role Bailin served as global head of Managed Investments for Citi Private Bank, the institution said in a press release.
He was also the architect of the global managed investments platform, including its Citi Investment Management unit and the bank’s private equity, real estate, hedge fund and traditional investment teams.
Sophisticated Families
Prior to joining Citi, Bailin was managing director and head of Alternative Investment Asset Management for Bank of America Global Wealth and Investment Management, where he was responsible for client alternative investments across private equity, real estate, venture capital and hedge funds.
«Over the past eight years, David has demonstrated an enormous amount of passion and enthusiasm for the Private Bank and its clients and established Citi as a leader in wealth management for the world’s most sophisticated families,» said Peter Charrington, Global Head, Citi Private Bank.
