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Citi Partners with BlackRock to Manage $80 Billion in Client Assets
Financial MarketsWealth ManagementUpdated 11 hours ago

Citi Partners with BlackRock to Manage $80 Billion in Client Assets

Citigroup has entered a partnership with BlackRock to manage $80 billion in client assets, marking a strategic shift towards enhancing its wealth management services. This collaboration aims to leverage BlackRock's expertise, allowing Citi to focus on advisory roles while outsourcing asset management.

Related Articles
BlackRock to run $80 billion for Citi as bank refocuses wealth unit
PositiveFinancial Markets
BlackRock will manage $80 billion for Citigroup as the bank shifts its focus towards its wealth management unit. This partnership aims to enhance investment strategies and client services.
Editor’s Note: This collaboration is significant as it highlights Citigroup's strategic pivot towards wealth management, a growing sector in finance. BlackRock's expertise in asset management could lead to improved investment outcomes for clients.
Citi to tap BlackRock for top clients’ wealth management
PositiveFinancial Markets
Citi has announced a partnership with BlackRock to manage $80 billion in client assets, leveraging BlackRock's expertise in wealth management.
Editor’s Note: This collaboration is significant as it combines Citi's banking strength with BlackRock's investment management capabilities, potentially enhancing service for top clients and improving asset performance.
Citi Hands BlackRock $80B Assets in Wealth Deal
PositiveFinancial Markets
Citigroup has partnered with BlackRock to manage $80 billion in client assets, enhancing its wealth management services. This strategic move allows Citi to focus more on advisory roles while outsourcing asset management.
Editor’s Note: This partnership is significant as it reflects a growing trend in the financial industry where firms are outsourcing asset management to focus on advisory services. It could lead to improved client offerings and increased efficiency for Citigroup.

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