Citi Private Bank has appointed David Bailin as Global Head of Investments effective immediately.
In this capacity Bailin will oversee the Private Bank’s investment business worldwide. This includes its investment management and capital markets activities, including the formulation of investment strategy, advice, solutions and execution across all asset classes for all Private Bank clients globally. He will continue to be based in New York.
“Over the past eight years, David has demonstrated an enormous amount of passion and enthusiasm for the Private Bank and its clients. He built world class investment management capabilities, globalised and unified the delivery and messaging related to our investments and established Citi as a leader in wealth management for the world’s most sophisticated families, Endowments and Foundations. As a result, the Private Bank’s investment businesses have grown much faster than the industry, as our clients have sought our independent, objective investment advice and implementation,” says Peter Charrington, Global Head, Citi Private Bank.
Prior to this, Bailin served as Global Head of Managed Investments for Citi Private Bank. Bailin was the architect of the global managed investments platform, including its Citi Investment Management unit and the bank’s private equity, real estate, hedge fund and traditional investment teams. Additionally Bailin was responsible for operational due diligence, portfolio asset management, asset allocation modelling, and product innovation. Prior to joining Citi, Bailin was Managing Director and Head of Alternative Investment Asset Management for Bank of America Global Wealth and Investment Management, where he was responsible for client alternative investments across private equity, real estate, venture capital and hedge funds.
“This is a fantastic time for our Investments business. We have built an institutional quality investment management business. We are experiencing strong AUM growth in discretionary and advisory management and in Capital Markets. This is also an opportunity for us to further develop and leverage the partnership between the Private Bank and our colleagues in the broader Institutional Clients Group so that we expand the delivery of the full breadth of Citi’s institutional capabilities to all Private Bank clients,” says David Bailin.
Citi Private Bank is dedicated to serving worldly and wealthy individuals and families, providing customised private banking across borders. With approximately USD390 billion in global assets under management, the franchise includes 48 offices, serving clients across 130 countries. Citi Private Bank helps clients grow and preserve wealth, finance assets, make cash work harder, and serve family and family business needs. The firm offers clients products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance, banking and aircraft finance, as well as art and sports advisory and finance.
