Citi has named Kris Bitterly as the new head of Wealth at Work, one of the company’s core business lines.

Bitterly is an effective leader who constantly produces and propels change. As head of investment solutions, she has elevated Citi solutions like alternatives and improved customer experience with projects like Project Simplify.

Bitterly is a reliable resource for Citi’s clients regarding investments and portfolio management, which is significant.

She is the ideal candidate to sharpen and broaden the focus on investments and propel the company to new heights.

In addition to this, Keith Glenfield will become the new head of investment solutions at Citi.

Glenfield will oversee the global investment product group, which consists of markets, insurance, alternative investments, and Citi Investment Management, in this capacity.

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Having worked for Merrill Lynch Wealth Management for 29 years, Glenfield has extensive expertise managing product teams and investment solutions. He had previously worked for Merrill Lynch Wealth Management as the Northeast Division executive.

Furthermore, Glenfield was the former head of Global Wealth Management’s Personal Retirement and Investment Solutions Group.

The development of the product solutions utilised by Bank of America‘s wealth products, such as Merrill Edge, Merrill Wealth Management, and the Private Bank, was considerably assisted by Glenfield. Merrill Lynch’s fee-based investment offering increased to almost $1.5trn during his leadership.

These modifications will take effect in September, when Glenfield officially joins Citibank. In the meantime, Joe Ryan will continue to serve as interim head of Wealth at Work.

Moreover, a wholly owned unit of HSBC Holdings, HSBC Bank (China), successfully purchased Citi’s retail wealth management portfolio in China’s mainland.

The wealth and personal banking division of HSBC China has merged with the portfolio of investment assets and deposits, as well as related wealth customers, spanning 11 major cities in Beijing. Moreover, HSBC has added more than 300 workers.