Ημερομηνία: 24/10/2007 11:08:00 μμ Περιοχή: Νέα Υόρκη ΗΠΑ Από: BW
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( BW)(NY-CITI-GLOBAL-WEALTH)(C) Jeffrey Applegate Appointed Chief
Investment Officer for Citi Global Wealth Management
Business Editors
NEW YORK--(BUSINESS WIRE)--Oct. 24, 2007--Jeffrey Applegate has
been appointed Chief Investment Officer for Citi Global Wealth
Management, based in New York. Global Wealth Management (GWM)
comprises three of the most respected brands in wealth management:
Citi Smith Barney, Citi Private Bank and Citi Investment Research. Mr.
Applegate will report directly to Sallie Krawcheck, Chairman & Chief
Executive Officer, Citi Global Wealth Management.
As CIO, he will lead the GWM investment strategy team in efforts
to drive performance and returns in client portfolios. He will also
partner closely with Citi's Investment Strategy Committee to bring
cutting edge techniques to the GWM asset allocation process.
Mr. Applegate is a seasoned investment professional with extensive
experience making active asset allocation decisions across global
traditional, alternative and absolute investment return asset classes.
He brings an outstanding track record and background, having served
both buy-side and sell-side investors in prior roles as Political
Economist, Chief Investment Strategist, Chief Executive Officer and
Chief Investment Officer.
"Jeff is a powerful thought leader and I am glad to welcome him to
Citi. I'm confident he and the team will do an exceptional job at
leveraging Citi's vast and deep intellectual capital resources to help
drive performance for our clients," said Sallie Krawcheck, Chairman
and CEO of Citi's Global Wealth Management business.
Most recently, Mr. Applegate was with Franklin Templeton where he
was Chief Investment Officer for the global equity, fixed income, real
estate and alternative investments teams. Previously, he was Chief
Investment Strategist for Lehman Brothers and Credit Suisse First
Boston. This new role marks a return to Citi, as Mr. Applegate spent
the first 18 years of his career with Smith Barney as a political
economist and later Chief Investment Strategist for E.F. Hutton and
President and Chief Executive Officer of Institutional Asset
Management for Shearson Lehman Hutton.
Citi Global Wealth Management The Global Wealth Management
division at Citi comprises three of the most respected brands in
wealth management: Citi Private Bank, Citi Smith Barney and Citi
Investment Research. Citi Global Wealth Management is a top-tier
global wealth manager providing some of the best institutional
capabilities available today. Serving both private and institutional
clients, Citi Global Wealth Management taps the strength and resources
of Citigroup to maximize value and service.
Citi, the leading global financial services company, has some 200
million customer accounts and does business in more than 100
countries, providing consumers, corporations, governments and
institutions with a broad range of financial products and services,
including consumer banking and credit, corporate and investment
banking, securities brokerage, and wealth management. Major brand
names under Citi's trademark red arc include Citibank, CitiFinancial,
Primerica, Citi Smith Barney and Banamex. Additional information may
be found at www.citigroup.com or www.citi.com
.
CONTACT: Citi Global Wealth Management
Alex Samuelson, 212-783-2781
alexander.i.samuelson@citi.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: BANKING MANAGEMENT CHANGES
SOURCE: Citi Global Wealth Management
Copyright Business Wire 2007
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