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0 0 0 0.00177541056369288 0.00239680426098532 0.00221926320461607 0.000710164225477126 0.00292942743009319
Stock impact report

Citi's investment management unit head joins BlackRock – report [Yahoo! Finance]

Citigroup, Inc. (C) 
Last citigroup, inc. earnings: 4/15 08:00 am Check Earnings Report
US:NYSE Investor Relations: citigroup.com/citi/investor/pres.htm
Company Research Source: Yahoo! Finance
The move follows an agreement signed between the companies in September, which transferred management of a significant portion of Citi's client portfolios to BlackRock under the Citi Portfolio Solutions Powered by BlackRock brand. Jasminski joins BlackRock together with a team from Citi's investment management unit, where he will serve as portfolio manager for the new initiative. Kerry White will succeed Jasminski as Citi Investment Management (CIM) head and report to Citi's wealth division investments global head Keith Glenfield. Citi's private banking clients who were previously managed by CIM will continue to receive advice, asset allocation support, and guidance from their Citi private bankers. BlackRock will be responsible for designing and implementing portfolio strategies. Citi will also introduce BlackRock's Aladdin Wealth platform to its investment staff and private bankers. In a separate development, Citi has completed the sale of approximately 25% of its equity s Show less Read more
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