People Moves

Another Day, Another Hiring At Citi Private Bank

Tom Burroughes , Group Editor, London , 23 June 2010

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Citi Private Bank has appointed Stephen Lillis as a director and investment counsellor as the Wall Street firm continues on a near-constant round of hiring for its wealth management operations. Lillis will be based in Greenwich, CT.

Lillis joins from JPMorgan Private Bank where he was a highly successful, senior investment specialist. In this role, he advised clients on customized investment portfolios covering the full range of asset classes, traditional and alternative investments, capital markets, brokerage and structured products and other derivatives.  He first joined JPMorgan in 1993.

The private bank has made a raft of hirings in recent days and weeks, as part of a recruitment drive. At least 100 new private bankers are to be hired over the next few years, bringing the private bank’s ultra high net worth group, which targets investors with a net worth of at least $25 million, up to 230 to 250 bankers from its current total of 130, the firm told this publication recently.

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