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Citigroup Transfers $80 Billion in Assets to BlackRock
Financial MarketsAsset TransferUpdated 9 hours ago

Citigroup Transfers $80 Billion in Assets to BlackRock

Citigroup has successfully transferred $80 billion in assets to BlackRock, a strategic partnership that enhances Citi's wealth management services. This move allows Citigroup to concentrate on advisory roles while outsourcing asset management, marking a significant shift in the financial sector.

Related Articles
BlackRock to run $80 billion for Citi as bank refocuses wealth unit
Investing.coman hour ago
BlackRock to run $80 billion for Citi as bank refocuses wealth unit
PositiveFinancial Markets
BlackRock will manage $80 billion for Citi as the bank shifts its focus to its wealth management unit. This partnership aims to enhance investment strategies and client services.
Editor’s Note: This collaboration is significant as it highlights the growing trend of banks partnering with asset management firms to optimize their wealth management services. It reflects a strategic move by Citi to strengthen its position in the competitive financial landscape.
Read full article
via Investing.com
Citi to tap BlackRock for top clients’ wealth management
Financial Times9 hours ago
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.
Read full article
via Financial Times
Citi Hands BlackRock $80B Assets in Wealth Deal
Bloomberg10 hours ago
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.
Read full article
via Bloomberg

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