People Moves

Citi Private Bank Names New Global Leaders

Wendy Spires Assistant Editor 2 July 2009

Citi Private Bank Names New Global Leaders

Citi Private Bank has added three new members to its global leadership team: Paul James has been appointed head of global wealth structuring, Luigi Pigorini is to become global head of investment finance and Dena Brumpton has been named global head of client and business development.

Mr James previously managed the trust business for global wealth structuring international and in his expanded role as head of global wealth structuring he will manage all of Citi Private Bank’s global trust businesses. He will continue to be based in Jersey and will report to Jane Fraser, head of Citi Private Bank.

Mr James replaces Claudia Rinschler, who was interim head of global wealth structuring. Ms Rinschler now becomes Mr James’ deputy and returns to an expanded role as global wealth structuring chief operating officer, covering all regions.

Mr Pigorini, who becomes global head of investment finance, will be based in London, also reporting to Ms Fraser. He originally joined Citi in 1984 and since then has held various senior roles in ICG in New York, London, Madrid and Milan, including having been investment bank head for Italy and most recently global industry head for technology, media and telecoms, with the corporate bank. Mr Pigorini also led Citi Private Bank’s Italy, Spain and Portugal businesses between 1999 and 2002.

Citi Private Bank’s regional investment finance heads will now reporting jointly to Mr Pigorini and their respective regional chief executives.

Finally, Ms Brumpton will assume the newly-created position of global head of client and business development in September. In this role Ms Brumpton will focus on the development of strategies and initiatives for the UHNW market, strengthening client relationships and boosting client acquisition.

Having joined Citibank in 1985 as part of the asset management business, she later moved to trading and capital markets in 1997 and worked on the globalisation of the Markets business following the integration of the Citicorp/Travelers merger.  In 2003, she was appointed CAO of global banking and in 2008 took responsibility for Citi's cross marketing-strategies, reporting to Don Callahan, Citi's CAO.

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