Kate Moore is Citi Wealth’s new chief funding officer, in accordance with a letter from Head of Wealth Andy Sieg to Citi Wealth staff. She joins from BlackRock and can begin within the new function in February.
In accordance with Sieg, Moore can have “broad obligations” on the agency, together with main the event and supply of unbiased funding methods for purchasers and advisors and supervising the agency’s Chief Funding Workplace, World Funding Committee and sustainable investing staff.
“I’m assured she might be a wonderful consultant for Citi Wealth as we serve the world’s changemakers of their drive to create wealth,” Sieg mentioned in his letter directed to the agency’s staff.
She’ll take over the function from Steven Wieting, who has been performing as interim CIO for six months. He changed David Balin, who introduced his departure as CIO in Could (he’d held the spot since 2019). Wieting is remaining in his function as chief funding strategist and economist on the CIO staff.
Earlier than transferring to Citi, Moore was a portfolio supervisor at BlackRock and the pinnacle of thematic technique for the corporate’s $50 billion World Allocation enterprise, a task she has held since 2019 (she joined BlackRock in 2016). She was additionally chief funding strategist for J.P. Morgan’s Personal Financial institution and held senior roles at Financial institution of America Merrill Lynch and Morgan Stanley.
“She is a broadly revered business thought chief with experience from asset allocation to thematic investing to fairness analysis,” Sieg wrote.
Citi Wealth employed former J.P. Morgan Govt Eric Lordi a number of weeks in the past to guide its digital division beginning Jan. 29, 2025. As its head of wealth platform and expertise, Lordi will supervise the event and supply of Citi Wealth’s digital experiences to purchasers, advisors and bankers.
Citigold additionally just lately launched a brand new mortgage and bonus program for $1 million+ monetary advisor expertise; executives are assured that advisors in its 641 financial institution branches can profit from referrals from relationship managers serving prosperous bank-only purchasers needing extra assist. Moreover, in June, former Morgan Stanley strategic shopper administration head Daybreak Nordberg left to guide a brand new shopper engagement program at Citi Wealth.
The shifts in personnel and priorities are the most recent in a run of adjustments following Sieg taking the reins of the highest function at Citi Wealth in March 2023. He joined from Merrill, the place he’d been the wirehouse’s wealth administration head for six years.
