Citigroup appointed BlackRock to manage $80B in assets, utilizing BlackRock's Aladdin Wealth technology.
5 reports, 5 independent
Updated Sep 6
Gone quiet
Reached 5 outlets in its first 24 hours
- Reports
- 5
- Developments
- 2
- Repetition
- 80%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Citigroup appointed BlackRock to manage $80B in assets, utilizing BlackRock's Aladdin Wealth technology.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Citi's wealth unit has partnered with BlackRock for asset management, while T. Rowe Price is noted as being based in Baltimore.Sub-event
Citigroup outsources $80B of assets to BlackRock, leveraging Aladdin technology.1 source
Keep exploring
The entities involved
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Citigroup
American investment bank and financial services corporation
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BlackRock
American multinational investment management corporation
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Coverage
Newest first; wire copies grouped- ZacksCitigroup to Launch $80B Portfolio Offering With BlackRock Citigroup Inc. C has announced a new customized portfolio offering for its global wealth clients, appointing BlackRock, Inc. BLK to manage a
- GuruFocus.comCiti Shuts Down $80B Asset Arm -- Hands It All to BlackRock This article first appeared on GuruFocus. Citigroup (NYSE:C) is offloading the final $80 billion chunk of its proprietary wealth assets to
- Private Banker InternationalBlackRock to manage around $80bn in wealth assets for Citi Citi Wealth has reached an agreement with BlackRock for the management of approximately $80bn in assets for its wealth clients. The banking
- ReutersBlackRock to run $80 billion for Citi as bank refocuses wealth unit (Corrects first paragraph to say that BlackRock will manage about $80 billion in Citi's client assets, not that Citi will tranfers
- Business WireCiti to Deliver New Customized Portfolio Offering Powered by BlackRock to Citi Wealth Clients Globally Harnesses the power and scale of two global leaders in wealth $80 Billion Citi Wealth Client Ass