Citi to Deliver New Customized Portfolio Offering Powered by BlackRock to Citi Wealth Clients Globally

Citi to Deliver New Customized Portfolio Offering Powered by BlackRock to Citi Wealth Clients Globally

NEW YORK--(BUSINESS WIRE)--Sep 4, 2025-

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BlackRock to run $80bn for Citi as bank refocuses wealth unit From Reuters: BlackRock (struck a deal with Citigroup to manage about $80 billion in assets for the bank's wealth management clients, Citi said on Thursday. The move highlights a growing trend among big banks to partner with speciali... Article link

Citi Hands BlackRock $80B of Assets in Wealth Deal

The outsourced products will eventually be available to clients of Citigold, an investment platform for affluent clients.

Citigroup transfers $80bln in assets to BlackRock

The move underscores a growing trend among major banks to partner with specialized asset managers while refocusing their wealth operations on client advisory services and financial planning

BlackRock to Manage $80bn of Citi Wealth Client Assets - Markets Media

Harnesses the power and scale of two global leaders in wealth $80 Billion Citi Wealth Client Assets to Be Managed by BlackRock in Largest Agreement of its Kind Citi Wealth announced the selection of BlackRock to create a new portfolio offering for its clients – Citi Portfolio Solutions powered by BlackRock. This offering will combine the strategic investment advisory and planning capabilities of the leading global bank with the investment manage…