Chapter 2.3. Global Wealth Management Group
The Global Wealth Management Group serves both private and institutional clients and consists of three respected brands: The Citigroup Private Bank, Smith Barney, and Citigroup Investment Research.
The Citigroup Private Bank provides personalised wealth management services for clients through its nearly 470 private bankers and 290 product specialists in more than 30 countries. It offers portfolio management and investment advisory services, an array of structured lending and banking services, as well as expertise from the Global Corporate and Investment Bank. Citigroup Private Bankers act as trusted advisors, designing and coordinating solutions for individual client needs, with an emphasis on personalised, confidential service.
Smith Barney provides comprehensive financial planning and advisory services to high net worth investors, institutions, corporations and private businesses, governments and foundations. With approximately 12 thousands financial consultants in nearly 500 offices, Smith Barney offers a full suite of investment services that includes asset allocation, private investments and lending services, hedge funds, cash and portfolio management, as well as retirement, education and estate planning. It has more than 7.7 million client accounts, representing $1,015 billion in client assets.
The Citigroup Investment Research unit employs more than 300 research analysts in more than 20 locations around the world. It covers more than 2,600 companies, representing 90% of the market capitalisation of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citigroup’s exceptional sales and trading capabilities and Smith Barney’s financial consultants, the core focus of the unit is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.