In his new role Mr Bailin will be responsible for expanding and distributing Citi Private Bank`s full suite of managed investment products and solutions, including alternative and traditional investments.
Mr Bailin will also be responsible for Citi`s Tailored Portfolio Group that provides discretionary asset management services globally. He will report directly to Jane Fraser, chief executive of Citi Private Bank and be based in New York.
He was most recently President of Alternative Investment Asset Management for Bank of America Global Wealth & Investment Management that includes Merrill Lynch and US Trust. Previously, he co-founded Martello Investment Management, a hedge fund of funds.