Citi Private Bank
What private banking is—and why it matters
Private banking coordinates investing, bespoke credit, trusts & estates, philanthropy, and everyday banking for high- and ultra-high-net-worth families. The value is orchestration across borders and generations, not just returns—aligning portfolios, taxes, liquidity, governance, and legacy into one plan.
Where Citi fits in
Citi Private Bank focuses on world-spanning clients who need institutional-grade capabilities with private-client service. The franchise states a minimum net-worth requirement of $10 million—separate from Citi’s other wealth tiers (Citigold, Citigold Private Client). privatebank.citibank.com+3privatebank.citibank.com+3privatebank.citibank.com+3
Citi’s footprint is broad: 52 offices in 20 countries, plugged into a wider Citi network across ~160 jurisdictions—useful when families, assets, and heirs are globally distributed. privatebank.citibank.com
Citi has also been recognized by industry publications; notably, Euromoney named Citi Private Bank “North America’s best for next-gen 2025.” Euromoney+1
What clients get: the Citi toolkit
1) Institutional-grade investing (incl. alternatives)
Citi provides access to global public markets and **alternative investments—private equity, real estate, hedge funds—**for qualified investors, alongside due-diligenced managers and structures. In 2025, Citi streamlined its alternatives platform (selling a feeder-fund unit to iCapital) and announced a customized portfolio offering with BlackRock for ~$80B of wealth assets—illustrating a push toward scalable, institutional partners while keeping private-bank advice in-house. Reuters+6privatebank.citibank.com+6privatebank.citibank.com+6
2) Bespoke credit & specialty finance
Beyond securities-backed lines and mortgages, Citi offers aircraft financing and long-running Art Advisory & Finance—leveraging “passion assets” for liquidity or strategy. (As always, art is risky and illiquid; Citi’s materials underline that it’s not advice to profit from art.) privatebank.citibank.com+2privatebank.citibank.com+2
3) Family-office coverage
Citi’s Global Family Office Group and Private Capital Group plug private clients into institutional capabilities and peer networks. Citi reports working with 1,800+ family offices worldwide, reflected in its 2025 Global Family Office Report. privatebank.citibank.com+2privatebank.citibank.com+2
4) Trusts, estates & cross-border planning
Wealth structures, governance frameworks, and multijurisdiction planning are central parts of Citi’s offer; resources include white papers and planning toolkits. (Note: Citi agreed in 2024 to sell a separate trust-administration unit to JTC—relevant to how administration is delivered vs. planning advice.) privatebank.citibank.com+2privatebank.citibank.com+2
5) Philanthropy & impact
Citi’s Philanthropic Advisory helps clients set missions, choose vehicles (DAFs, foundations), and handle compliance—recently expanding services in Asia. privatebank.citibank.com+2privatebank.citibank.com+2
6) Digital experience
Citi Private Bank In View is the bank’s consolidated dashboard for holdings, performance analytics, and reporting—available on web and apps. privatebank.citibank.com+1
Organization & leadership—what changed in 2025
Citi continues to prioritize wealth under Head of Wealth Andy Sieg, with reorgs aimed at simplifying the private bank. In January 2025, longtime global head Ida Liu exited and Citi eliminated the single “global head” role, shifting to regional leadership. (Multiple reputable outlets reported the change.) Barron's+4privatebank.citibank.com+4Citi+4
Is Citi Private Bank a fit?
It tends to suit families who:
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Meet the $10M+ threshold and have multi-country needs. privatebank.citibank.com
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Want alternatives access with large-scale partners (iCapital/BlackRock) without losing private-bank advice. Reuters+2Barron's+2
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Value specialty credit (jets, art) plus family-office infrastructure and thought leadership. privatebank.citibank.com+2privatebank.citibank.com+2
Practical next steps
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Request a proposal detailing mandate, fees, and access to platforms/products relevant to you. Review Form CRS/ADV for conflicts, fee schedules, and services. privatebank.citibank.com+2privatebank.citibank.com+2
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Clarify custody and administration (especially post-JTC sale) vs. advisory roles. Reuters
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Stress-test liquidity and credit lines against your operating needs and concentrated positions (business equity, property, art). privatebank.citibank.com
This is informational, not investment advice. Always compare proposals, fees, access, and governance support across providers before choosing a private bank.
