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Mason joined Citigroup in 2001 and has held a number of executive positions at the firm, including chief financial officer of Citi’s Institutional Clients Group, chief executive officer of Citi Private Bank, chief executive officer of Citi Holdings, and chief financial officer and head of strategy and M&A for Citi’s Global Wealth Management Division. [4]
On January 13, 2009, Citi announced the merger of Smith Barney with Morgan Stanley Wealth Management. Citi received $2.7 billion and a 49% interest in the joint venture. [83] [84] [85] In June 2013, Citi sold its remaining 49% stake in Smith Barney to Morgan Stanley Wealth Management for $13.5 billion following an appraisal by Perella Weinberg.
Career [ edit ] In September 2007, Dugan was appointed chairman of the Joint Forum , which is a group of senior financial sector regulators from the United States, Canada, Europe, Japan, and Australia that deals with issues common to the banking, securities, and insurance industries, including supervision of conglomerates.
Citi Private Bank is the private banking division of Citibank; it provides banking services to high-net-worth individuals, family offices, law firms, and other institutions. According to the company's website, it has a minimum investment level of $10 million and a total net worth requirement of $25 million; [ 1 ] however, in some cases, these ...
Jane Fraser (born 13 July 1967) is a British-American banking executive who is the chief executive officer (CEO) of Citigroup, a position she has held since March 2021. [1] [2] Educated at Girton College, Cambridge, and Harvard Business School, she worked at McKinsey & Company for 10 years, rising to partner prior to joining Citigroup in 2004.
Aligning with Citi’s relatively optimistic forecasts last year, the latest Citi Wealth Outlook predicts global GDP will increase in China, the U.S., the EU, and the UK.
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