Woodson's move comes amid a number of changes and appointments by the private bank.

Based in Florida, Woodson has been at the US bank since 2014. Prior to this, he was an MD at Credit Suisse for more than seven years and before that worked at Merrill Lynch for more than five years, according to his public profile. 

A few days ago WealthBriefing reported that Citi Private Bank has created a new “strategic segment” known as private capital - institutional solutions - and has hired James Holder to head this group. Holder will also lead the bank’s broader family office strategy. Holder has more than 25 years of experience in the financial services industry with a background covering private banking, mergers and acquisitions, and equity capital markets. He is a Fellow of the Institute of Chartered Accountants in England and Wales, and joined the private bank in London in 2005. He was appointed head of Family Office EMEA in 2011 and global market manager for Northern Europe in 2012.

The new segment “will align our global resources covering the pools of private capital controlled by families with needs and behaviours best served by the private bank and the wider platform of the institutional clients group," the memo, signed by Peter Charrington, global head, Citi Private Bank, said.