People Moves

Citi Bolsters Orange County HNW Offering With New Hires

Vanessa Doctor 17 May 2010


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


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