Citi Wealth has named Chad Reddy as the new North America market executive – West for Citi Private Bank.
In this position, Reddy will be responsible for overseeing the private bank’s operations in the Western US.
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Reddy has more than 25 years of experience in the wealth management sector.
He joins Citi from Bank of America Private Bank, where he held several senior roles, such as market leader and market trust executive for the Western Division.
His previous experience also includes nearly 14 years at Wells Fargo Private Bank as a wealth management specialist, and a sales manager role at City National Bank.
He is set to join Citi Private Bank’s North America leadership team in April, alongside other market executives: Cayman Wills for the Northeast, Henry Woodward Middleton, Jr. for the South, and Clinton Warren for the Central region.
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By GlobalDataReddy will report to Chris Biotti, who took on the role of Citi’s North America private bank head last year.
Biotti said: “Chad is a proven leader with a strong track record of advising ultra-high-net-worth clients and building high-performing teams. His deep experience, combined with his relationship-led approach, will be instrumental as we accelerate growth and continue to deliver the full capabilities of Citi to our clients.”
Last September, Citi Wealth reached an agreement with BlackRock to manage around $80bn in assets for its wealth clients.
The two companies also launched ‘Citi Portfolio Solutions powered by BlackRock’, which integrates Citi Wealth’s advisory resources with BlackRock’s investment and technology capabilities.
