The appointment comes at a time when the US banking group has been pivoting towards wealth management as a strategic business line and reshuffling its management team.

Citi has announced the promotion of Valentin Valderrabano (pictured) as chief operating officer for Citi Global Wealth. Valderrabano takes over the responsibilities of Eduardo A Martinez Campos who was appointed group head, Citi Wealth Services and Strategic Investments, earlier in March. He reports to Jim O’Donnell, head of Citi Global Wealth Management.  Martinez Campos is now responsible for leading and coordinating all work related to strategic investments, from identifying pote