Citi Private Bank snags UBS wealth exec to lead family office unit

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.

Mar 21, 2024
10 months ago

As part of its focus on its ultra-high-net-worth clients, Citi Private Bank seeks to “bolster its capabilities” by making a number of high-profile hires in recent weeks, including this week's announcement that Richard Weintraub will becoome head of the Family Office Group, Americas. Weintraub, who starts  May 7, previously worked with family office clients at UBS’ Global Family & Institutional Wealth team.

In recent weeks, the bank has hired Don Plaus as head of Citi Private Bank, North America; and Antonio Gonzales as head of Citi Private Bank, Latin America; and promoted Frederic Viaud the new head of its France business.

In an internal memo, Ida Liu, global head of Citi Private Bank, and Hannes Hofmann, head of Citi's family office group, said that with the hires, “we are building upon the strengths of our Global Family Office (GFO) group by bolstering our capabilities and attracting the best talent.”

They added: “Richard brings a deep understanding of the family office industry, strong relationships and a proven capability to deliver institutional solutions to family offices.”

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.