People Moves
Citi Bolsters Orange County HNW Offering With New Hires
Citi Private Bank has bolstered its Orange County office with
two senior hires, adding to a run of appointments made by the
firm in California, as well as other parts of the US.
Richard Stasand, who spent 18 years with US Trust, Bank of
America Private Wealth Management, joins the company as managing
director and ultra high net worth private banker, while
Christopher Caruso, also from US Trust, is now director and
investment counselor.
Stasand will report to
Hale Behzadi, the region head of Southern California and
Arizona. Caruso reports to
Erik Ridgley, the Western region head of investments.
"We are firmly committed to significantly growing our franchise
in Orange County to serve ultra high net worth families and
family offices by providing global private banking solutions,
including access to capital, innovative investment opportunities
and collaboration with Citi's world class investment banking team
both here in Southern California and around the world," said
Behzadi in a statement.
Orange County is home to some of the wealthiest individuals and
families in the US.
Last week, it was reported that Citi Private Bank's Palo Alto office made two hires from Barclays Wealth. On the east coast, it has added to its New York executive lineup with the recent appointment of Charles Merrill as managing director and New York regional executive