Citigroup's wealth-management unit to split into segments

03/4/2008 | Reuters · Wall Street Journal, The

Citigroup plans to divide its U.S. wealth-management unit into four segments in a reorganization aimed at helping clients based on their wealth. Sallie Krawcheck, head of the firm's wealth-management unit, sent a memo saying the segments would focus on clients with ultra-high net worth, high net worth, "emerging affluent" and institutional services.

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Reuters · Wall Street Journal, The

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