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Citi’s investment management unit head joins BlackRock – report
Yahoo Finance· 2025-12-16 11:46
Group 1 - Citi's investment management unit head, Rob Jasminski, has joined BlackRock to oversee a nearly $80 billion portfolio for wealth management clients [1] - Jasminski will be accompanied by a team from Citi's investment management unit, and Kerry White will succeed him as head of Citi Investment Management [2] - Citi will continue to provide advice and support to its private banking clients previously managed by the investment management unit [2] Group 2 - BlackRock will design and implement portfolio strategies, and Citi will introduce BlackRock's Aladdin Wealth platform to its investment staff and private bankers [3] - Citi has completed the sale of approximately 25% of its equity stake in Grupo Financiero Banamex to a company owned by Fernando Chico Pardo and his family [3][4] - Fernando Chico Pardo will assume the role of Chair of Grupo Financiero Banamex following the transaction, which has received regulatory approval [4] Group 3 - The divestment of Banamex aligns with Citi's strategic priorities and allows the company to focus on its institutional business in Mexico [5] - Citigroup has appointed Tobias Akermark and Kasper Dichow to co-lead its Nordic investment banking division [5]
Danske Bank closes London equity capital markets desk-report
Yahoo Finance· 2025-10-01 13:30
Group 1 - Danske Bank has closed its equity capital markets operations in London to focus on enhancing its position in the Nordic region, particularly in Stockholm [1][2] - The closure resulted in the termination of five employees from the London equity syndicate team [1] - Danske Bank's investment banking division head described the change as a strategic milestone in the bank's capital markets strategy, aiming to expand advisory services in the Nordic markets as part of a five-year plan initiated in 2023 [2] Group 2 - The bank intends to become a leading retail and private banking institution in Sweden, targeting business owners and clients with complex needs [3] - Significant appointments have been made to strengthen investment banking capabilities, including the recruitment of Carl Rosenius from Skandinaviska Enskilda Banken AB as co-head of investment banking and head of corporate finance in Stockholm [3][4] - Under Rosenius's leadership, Danske Bank has added four more bankers from SEB and Nordea Bank Abp, with further recruitment expected [4] Group 3 - Danske Bank has integrated BlackRock's Aladdin Wealth platform to enhance its investment services, aiming to provide a more comprehensive and efficient wealth advisory service to its investment customers [4]