BlackRock Takes Over Management of $80B in Citi Wealth Assets

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. BlackRock Inc. has officially taken over management responsibilities for $80 billion in assets for Citigroup’s private banking clients globally.  The partnership, which the firms are calling Citi Portfolio Solutions powered by BlackRock, is one of the largest deals of its kind. BlackRock already managed more than $600 billion in client investments and, through the deal, took over the last c ...