Alert iconWarning: Unsupported web browser

In View no longer supports your current web browser version, which means some functionality may be limited. Please update your browser for the best experience before you log in.

close icon
Citi Private Bank logo

Unsupported browser

Our website no longer supports your current web browser version, which means you are no longer able to access this website. Please update your browser to continue.

Continue

Investments

Our expertise in and access to global markets provide you with insights and the broadest range of investment opportunities, which we accompany with the highest level of service.

Investments illustration
Bunch of leaves
Business man looking in the distance

Preserving and growing great wealth requires a distinctive approach.

In our experience, the families who have remained among the world’s wealthiest for generations have typically built great investment portfolios that follow a disciplined, long-term plan.

We therefore customize a long-term investment plan that addresses your risk and return goals, as well as your other requirements.

This forms the basis of the complementary core and opportunistic portfolios that we then help you to build.

To populate your core and opportunistic portfolios, we give you comprehensive access to global opportunities across all asset classes.

These opportunities are accessible via self-directed portfolios, discretionary managed portfolios, capital markets strategies, and extensively vetted third-party traditional and alternative managers.

As a close partner of Citi’s Institutional Clients Group, the Private Bank provides you with the same caliber of ideas, resources and opportunities as the world’s leading institutional investors receive

Our Global Client Service can provide even greater local access to opportunities in other regions of the world, with additional Private Bankers and Investment Counselors to serve you locally.

The mission driving our investments platform is to be the highest quality, most independent, research-driven global investments platform of any private bank.

David Bailin
Chief Investment Officer
How we serve you
Our Investment Philosophy
Our Investment Philosophy guides our entire approach to helping you maintain, grow, and wisely manage your wealth. It rests on certain key principles:

Most of your wealth, apart from your business holdings, should be invested in a core portfolio diversified by asset class, geography and sources of return. Diversification is essential, as portfolios concentrated in few countries or asset classes are riskier and perform worse over time.

Market timing and cash hoarding are a fool’s game. Your core portfolio should be fully invested for the long term and regularly adjusted to remain in line with your customized investment plan.

Disciplined opportunistic investing can complement your core portfolio’s performance. Your alpha-seeking opportunistic portfolio’s investments can be short or long term, aiming to capitalize on market dislocations, your high-conviction beliefs, and preferred themes.

Learn more
Our investment process
Your return goals, risk tolerance, and other criteria frame the strategic asset allocation we customize for you.

Our proprietary strategic asset allocation methodology estimates returns over a ten-year horizon based on valuations.

Higher return estimates likely lead to larger recommended allocations to an asset class, and lower estimates to small allocations.

Our methodology also treats severe losses during a market crisis – rather than volatility – as the most significant risk that you face.

The resulting allocations are tactically adjusted to reflect the recommendations of our Global Investment Committee.

Our discretionary managers also provide regular rebalancing and systematic risk management.

This disciplined approach to asset allocation and portfolio oversight enables you to remain fully invested for the long term.

For deeper insights into your core and opportunistic portfolios, our Global Investment Lab can perform a bespoke analysis to highlight risk exposures and potential opportunities.

Learn more
Your dedicated investments team
We take a team approach to addressing your portfolio’s needs.

Your Private Banker works closely with your Investment Counselor and teams of product and asset class specialists to provide customized investments advice, market perspectives and strategic insight into your portfolio.

Our team approach to your portfolios extends throughout the Private Bank, with timely insights into economics, asset classes and investment strategy from our Chief Investment Officer and Chief Investment Strategist, and Chief Economist.

Our Global Investment Lab is dedicated to analyzing your entire wealth and strives to uncover potential opportunities and risks.

As a Private Bank client, you can expect the same level of exceptional service in each region of the world where you may have business, family, or personal interests.

Your questions

We believe globally diversified allocations offer better risk-adjusted return potential over time.

Find out more

An opportunistic portfolio seeks to enhance your overall returns, mitigate your risks, and capitalize on market dislocations or themes via investments that differ from those in your core portfolio.

Find out more

Catching market uptrends and avoiding downtrends seems like a tempting idea. But in practice, it’s almost impossible.

Find out more

Meet our people

David Bailin caricature
Global Head
David Bailin
Global Head of Investments & Chief Investment Officer
“The philosophy driving our investment platform is to be the highest quality, most independent, research-driven global investment platform of any private bank.”

David has overall responsibility for Citi Global Wealth Investments, which unifies the Investments teams of the Private Bank and the Consumer Bank worldwide.

As Chief Investment Officer, David ensures the integration of our asset allocation, manager research and portfolio management teams, and offers his perspectives on the markets.

David joined the Private Bank in 2009 as the Global Head of Managed Investments. He designed the architecture of our global managed investments platform, including its Citi Investment Management unit, and our distinctive private equity, real estate, hedge fund and traditional investment teams. He became Global Head of Investments in October of 2017.

Prior to joining Citi, David was Head of Alternative Investment Asset Management for Bank of America Global Wealth and Investment Management, where he was responsible for client alternative investments across private equity, real estate, venture capital and hedge funds. He has been a co-founder of a hedge fund of funds, Martello Investment Management, and a senior executive at two leading hedge funds, John W. Henry and Company and Ellington Management Group.

David holds a BA with honors from Amherst College and an MBA with honors from Harvard Business School.

Follow David on LinkedIn

close icon
David Bailin caricature
Global Head
David Bailin
Global Head of Investments & Chief Investment Officer

David has overall responsibility for Citi Global Wealth Investments, which unifies the Investments teams of the Private Bank and the Consumer Bank worldwide.

As Chief Investment Officer, David ensures the integration of our asset allocation, manager research and portfolio management teams, and offers his perspectives on the markets.

David joined the Private Bank in 2009 as the Global Head of Managed Investments. He designed the architecture of our global managed investments platform, including its Citi Investment Management unit, and our distinctive private equity, real estate, hedge fund and traditional investment teams. He became Global Head of Investments in October of 2017.

Prior to joining Citi, David was Head of Alternative Investment Asset Management for Bank of America Global Wealth and Investment Management, where he was responsible for client alternative investments across private equity, real estate, venture capital and hedge funds. He has been a co-founder of a hedge fund of funds, Martello Investment Management, and a senior executive at two leading hedge funds, John W. Henry and Company and Ellington Management Group.

David holds a BA with honors from Amherst College and an MBA with honors from Harvard Business School.

Follow David on LinkedIn

close icon
Steven Wieting caricature
Steven Wieting
Chief Investment Strategist and Chief Economist

Steven heads our Global Strategy team which formulates our macro investment views across all regions and asset classes. He chairs our Global Investment Committee, which sets our tactical asset allocation, the basis for discretionary portfolios we manage for clients. 

As Chief Economist, Steven provides detailed macroeconomic analyses to inform portfolio decisions.

Previously, Steven was Head of Economics for US institutional equities at Citi Investment Research. He advised the firm’s institutional and government clients globally on macroeconomic developments, forecasts and policy analysis. 

He was also economic advisor to the Morgan Stanley Smith Barney Global Investment Committee and a voting member of predecessor Asset Allocation Committees at Salomon Smith Barney.

 Steven has a master’s in quantitative economics at Bernard M. Baruch College, City University of New York.

close icon
Iain Armitage
Iain Armitage
Global Head of Capital Markets

Iain Armitage has overall responsibility for our Capital Markets organization, whose asset class specialists provide investment advice and execution services across equity, fixed income, FX and commodity markets. He is based in London.

Iain has worked at Citi for over 25 years and prior to his current role was the Regional Head of Investments for the Private Bank in EMEA.

Before joining the Private Bank in 2012, Iain worked in Global Markets, including roles as Global Head of Commodity Investor Sales, Head of Fixed Income Derivatives Sales in Japan and as a fixed income derivative salesperson in Europe. 

Iain holds a bachelor’s degree in economics from Durham University.

close icon
Philip Watson caricature
Philip Watson
Chief Innovation Officer & Head of the Global Investment Lab

Philip heads the Private Bank’s Office of Innovation, which he helped to establish in 2018. He chairs the Growth Board, participates on accelerator programs and other initiatives designed to improve the client experience. 

He has more than 20 years of financial industry experience, mostly gained at Citi. Before joining the Private Bank, he held a variety of positions within Citi’s Institutional Clients Group. As well as leading the Global Investment Lab, Philip sits on the Global Investment Committee and Multi-Asset Class Committees, which inform the tactical market views and management of discretionary portfolios respectively. 

close icon
Daniel G O'Donnell caricature
Daniel G. O’Donnell
Global Head of Citi Investment Management Alternatives

Dan leads a team of professionals in Boston, New York, London and Hong Kong dedicated to identifying key themes across alternative asset classes, and originating opportunities for clients.

Prior to joining Citi, Dan worked for Bank of America’s alternative investment group, focusing on private equity and real estate origination and investment management. Dan also has experience working on all aspects of the underwriting and monitoring process for a wide range of buyout, venture capital, and real estate investments during his career in Bank of America’s principal investing division

Dan holds a bachelor’s degree from Pennsylvania State University and an MBA from the University of Chicago.

close icon
Robert Jasminski caricature
Robert Jasminski
Global Head of Citi Investment Management

Rob oversees Citi Investment Management’s operations globally, which responsible for approximately $80.5bn in assets under management and advisement.

He is also a voting member of the Global Investment Committee, which sets the Private Bank's tactical asset allocation recommendations.

Rob is an industry leader in global developed and emerging market equity management and has more than 25 years’ investment experience.

close icon
Kristen Bitterly caricature
Kristen Bitterly
Head of Investments
North America

Kristen Bitterly Michell is the Head of Capital Markets for the Americas at the Private Bank. She is responsible for managing a team of capital markets professionals which interacts with clients to deliver cross asset solutions that can be incorporated into a core portfolio as well provide tactical trading strategies.

Previously, Kristen was Head of Investments for the East Region of North America at the Private Bank. In this role, she led a team of Investment Counselors who provided ultra high net worth clients with investments strategies across all asset classes.

Prior to that, she spent nearly two decades in Capital Markets leading teams at Citi, Credit Suisse and JP Morgan. A fluent Spanish speaker, Kristen has extensive experience covering clients in both North America and Latin America and speaks regularly at industry conferences, presenting in both English and Spanish.

Kristen holds a BA in Economics and Spanish Language & Literature from the University of Notre Dame (summa cum laude) and an MBA from the Kellogg Graduate School of Management at Northwestern University.

close icon
Lisandro Chanlatte caricature
Lisandro Chanlatte
Head of Investments
Latin America

Lisandro oversees the creation and delivery of innovative investment strategies, asset allocations and risk management to leading high net worth clients and family offices across Latin America.

Lisandro joined Citi from BAP Capital, a distressed real estate fund, where he was investment officer and before that was investment officer for Citi’s global pension investments group.

close icon
Laurence Stoppelman
Head of Investments
Europe, Middle East & Africa

Laurence has overall responsibility for meeting the investments needs of clients across Europe, the Middle East and Africa, including asset allocation, product advice, and execution across capital markets and managed investments.

Previously, Laurence served as Head of Investment Counselling for the UK, Israel, Greece and Russia, and as Private Banking team leader for Israel and South Africa.

Prior to joining the Private Bank in 2003, Laurence was a portfolio manager at Insinger de Beaufort – BNP Paribas Wealth Management.

Laurence holds a bachelor’s degree in private law and finance from the University of South Africa.

close icon
Roger Bacon caricature
Roger Bacon
Head of Investments
Asia Pacific

Roger is responsible for all of our investments activities in Asia-Pacific.

Previously, he was Head of Citi Investment Management in the region. Roger has more than 27 years of asset management industry experience. He spent the first ten years of his career with JPMorgan Asset Management and its predecessor companies working in Asia, the UK and continental Europe. In 2004, he joined a prominent UK family office to set up and manage a substantial multi-asset-class investment program. As UBP’s Head of Hedge Fund Business in London, he helped build a multi-billion dollar discretionary and advisory customized hedge fund operation.

Roger has an honors degree, postgraduate diploma and MBA in International Financial Services from the University of London. He holds the Certified Private Wealth Professional designation.

close icon
Harlin Singh caricature
Harlin Singh Urofsky
Global Head of Sustainable Investing

As Head of Sustainable Investing, Harlin works across Citi’s investment divisions to develop and oversee investment solutions along the full spectrum of sustainability - ESG integration, socially responsible,thematic and impact investments - to ensure the integration of sustainable practices in alignment with Citi’s best thinking on research, asset allocation and diversification. She also works closely with the Chief Investment Officer and Chief Strategist teams to deliver thought leadership and content to clients and external partners and works with the Global Investments Lab to develop and deliver client portfolio analytics.

Outlook promo image
OUTLOOK

Outlook 2021

In Outlook 2021, we put forward positive actions for your portfolio in this new economic cycle. We urge you to determine the amount of cash you really need to hold over the coming years and to put the rest to work.

Find out more

Global citizens

The Private Bank exists to serve a very special community. Hear the stories of global citizens in their own words.

Alan Faena leaning against wallclose icon
Global Citizens
Experience creator
ALAN FAENA

“Giving new life to a city is one of the most beautiful things that anyone can do,” says Alan Faena, as he looks out on the Miami neighbourhood that now bears his name. “It’s one of the things I’m most proud of, both here and back home in Buenos Aires. These are my gifts to the people, not only for today’s generation but also for future generations.” And what a gift the Faena District is indeed.

Spanning five blocks adjacent to the white sands of Miami Beach, the neighborhood is nothing less than an urban oasis of sensory delights. Its buildings – old and new – somehow fuse perfectly with their natural surroundings. Absolutely nothing is mundane here, not even the multistory parking garage, whose exterior could easily pass for that of an ultra-modern cultural center or designer shopping mall. Incidentally, the Faena District also possesses both of those things.

Learn more

Adriana Cisneros sitting at a desk smilingclose icon
Global Citizens
Adriana Cisneros
ADRIANA CISNEROS

“I think it’s something like less than one third of family businesses that make it from the first to the second generation and half of those don’t make it to the third generation,” says Adriana Cisneros. “I’m the third generation in our business, so I really hope I’m going to be one of those that survives. Who knows, I might completely mess up, but hopefully not.” Messing up seems a rather unlikely prospect going by Adriana’s record to date. The company is in robust health under her leadership. She has recently returned from a whistle-stop tour of Central and South America, where Cisneros Interactive has become the sole reseller of Facebook in nine countries, the only nations on earth where the social media giant will not manage its own sales.

Facebook chose to work through Cisneros Interactive because it already has the region’s most advanced advertising network. “I started Cisneros Interactive, our digital division four years ago,” says Adriana. “Our aim from the outset has been to create the largest advertising network in Latin America and also the smartest. When we began, others were trying to do similar things, but in a very country-specific way. No one really dared to do it pan-regionally. I used the same architecture to build the business that my father did when he brought satellite television to Latin America three decades ago.”

Learn more

Sid brown headshotclose icon
Global Citizens
The Brown family & NFI: Keeping North America running
SID BROWN

I went to Georgetown University, where I majored in finance. After graduation, I went to New York, where I worked for two years in investment banking at Morgan Stanley, before attending Harvard Business School. At that point, I had to decide if I wanted to go back into investment banking or return to the family business. It was 1983 and NFI was primarily a trucking business with very small warehousing, real estate, and truck leasing components.

I’m not completely sure exactly what I was thinking at the time, but I probably felt a certain obligation to join the family business. I’d kind of grown up within NFI. From junior high school onwards, I’d always helped out at the company during summer vacations. I’d worked in the maintenance shop and as a loader in the warehouse. We had always discussed business around the family table as far back as I can remember. So I guess you could say it was in my blood.

When I entered the business, I also had two brothers and a sister working alongside me. So I not only had to figure out how to work with my father, but also with my siblings too. As we were coming up through the ranks, our father wisely refused to appoint any of us as his successor. ‘If I pick one of you,’ he said to us, ‘the others will always resent me and our relationship will suffer.’ Instead, he told us to work it out among ourselves, after which he would sell the business to us.

Learn more

Amersi headshotclose icon
Global Citizens
Fighting an asymmetric war
MOHAMED AMERSI

Problem-solving and progress-making are second nature to Mohamed Amersi. For many years, he worked as a lawyer for two of the world’s leading firms, focusing upon highly complex equity-related deals. He subsequently set up his own advisory and investment firm specializing in technology, media, and telecoms. In 2015, he and his family created the Amersi Foundation, which particularly supports causes relating to education, poverty, conflict, and social cohesion.

The pandemic has definitely felt like a war at times. But it’s an unusual, asymmetric kind of war. The enemy we’re fighting is one that we can’t see or touch. It doesn’t deploy tanks, fire bullets or have a nuclear arsenal. But it does have hidden bases in pretty much every single part of the Earth. And our current weaponry is unable to defeat this enemy – an enemy that is only interested in killing us.

Like most people, I have had to learn a lot very quickly about COVID-19. I had no in-depth understanding of what ‘triaging,’ ‘social distancing,’ and ‘self-isolation’ were all about. We’ve all learned a completely new lexicon, a new way of living and have a new way of thinking about things. It’s a strange paradox, but we’ve had to stay apart in order to come together against this pandemic.

Learn more

Contact us

To help us put you in touch with the right advisor or team, please answer the following questions.

Close Contact Form
Close Modal

You're about to leave the Citi Private Bank website

By clicking continue, you will visit a third-party website that is not owned or managed by us.

We have no control of the content, privacy or security beyond this point.

Continue

Stay on this page