The private bank has created a "private capital - institutional solutions" segment, naming one of its senior figures to run it.

Citi Private Bank has created a new “strategic segment” known as private capital – institutional solutions – and hired James Holder to head this group, this publication can report. Holder will also lead the bank’s broader family office strategy. 

Holder has more than 25 years of experience in the financial services industry with a background covering private banking, mergers and acquisitions, and equity capital markets. He is a Fellow of the Institute of Chartered Accountants in England and Wales, and joined the private bank in London in 2005. He was appointed head of Family Office EMEA in 2011 and global market manager for Northern Europe in 2012. 

As EMEA head of the family office area, Holder was part of the cross-ICG collaboration that launched markets direct access, and as general market manager for Northern Europe, Holder has launched new coverage teams for Germany, the Nordic region, Benelux and France as well as building out the family office coverage team in Switzerland.

The US bank announced the development in a memo seen by this publication.

The new segment “will align our global resources covering the pools of private capital controlled by families with needs and behaviours best served by the private bank and the wider platform of the institutional clients group," the memo, signed by Peter Charrington, global head, Citi Private Bank, said. 

In his new role, Holder reports to Charrington and also joins the global leadership team. He will move from Geneva to London.

“PCIS [the new group] will work in partnership with our global market managers, banker teams and product partners to deliver the very best of the private banking platform to this client community, and the revenues and successes from our growth will remain firmly embedded within our region and product groups,” the memo added.