Citigroup’s new CEO has overseen, at various times, the bank’s wealth management division as well as
So with that potential good news/bad news outlook, what can the current advisor force expect from the changes in the C-suite? In all likelihood, not much.
While many in the business and media worlds spent much of the day digesting the surprising news that
Earlier this year,
Even more to the point, the bank’s wealth management division had been going through changes already, and most observers believe it is on a good track. Namely, after a couple of restructurings over the past year, it is now following a traditional bank channel offering: cross selling and a push to fee-based planning business. Indeed, earlier this year,
One challenge that remains for
Another market observer said that Citi’s advisors are in the same boat as everyone else. That is, they’re probably wondering why Pandit stepped down so quickly. But even if they feel alarmed, they won’t likely see significant changes, he said.
Citi’s board of directors announced today that Pandit was stepping down and that company veteran
The management shake-up came one day after
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