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Citi to tap BlackRock for top clients’ wealth management

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Citigroup has tapped BlackRock to manage about $80bn on behalf of its wealthiest clients, with the Wall Street bank looking externally as it overhauls its wealth management business. The deal will scale down Citi’s own asset management unit, known as Citi Investment Management, with the bank planning to refocus on…

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Click here to read the full story: Financial Times

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