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Industry Spotlight > Women in Wealth

Citi Taps Merrill Exec to Head Wealth Management

By Janet Levaux

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Citigroup headquarters in New York. Citigroup headquarters in New York. (Photo: AP)

Citigroup has nabbed David Poole from Bank of America Merrill Lynch to lead Wealth Management for its U.S. Consumer Bank. 

Poole is set to start work at Citi on Nov. 1, reporting to David Chubak, head of U.S. Retail Banking.

The news comes less than a week after the bank named Jane Fraser, the current leader of its Global Consumer Banking unit, as its new CEO beginning Feb. 1, 2021. She will replace Michael Corbat, who is retiring. 

“Over the past few years, we’ve continued to enhance our wealth management capabilities and … invested in our Citigold wealth management offerings and introduced new digital tools to serve the wealth spectrum,” the bank said in a statement. 

These efforts include:

  • Citigold Private Client for clients with $1 million and up in assets who want to work with a wealth team on advanced planning capabilities;
  • Citi Wealth Advisor, a planning service that give clients access to a “relationship team to create personalized financial roadmaps designed to grow their wealth”; and
  • Citi Wealth Builder, a digital investing platform with professionally managed portfolios and tracking tied to retirement goals.

According to Citi, Poole led Merrill Edge Advisory, Client Services, Operations & Digital and focused on Merrill Self-Direct (Merrill Edge) and Advisory (Merrill Guided Investing) businesses.

Before joining BofA in 2013, he worked for E-Trade for 14 years.

Janet Levaux

@Think_JanetL

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