Citi seeks its next act in wealth management
News from Reuters:

A Citibank sign is seen outside of a bank outlet in New York March 4, 2009.

Credit: Reuters/Lucas Jackson

NEW YORK | Tue May 29, 2012 11:48am EDT

NEW YORK (Reuters) – As Citigroup (C.N) prepares to exit its ownership in brokerage giant Smith Barney, the bank is on a hiring spree to build what it hopes will become a significant U.S. wealth management business centered around its high-end Citigold account.

The bank plans to hire 300 more personal bankers and brokers in the next two years, with a goal of reaching about 800 by 2014, Citigold Wealth Management President Venu Krishnamurthy told Reuters.

“We have the capability for organic growth combined with a platform of high-end products and solutions,” he said in a recent interview. “It’s…………… continues on Reuters

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