Citigroup has named Peter Charrington as the new global head of Citi Private Bank.
Charrington succeeds Mark Mason who was recently named chief financial officer for Citi’s Institutional Clients Group.
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Charrington began his career at Citi Private Bank in 1994. He was a private banker in the UK and also held roles in structured lending and real estate.
Since the bank shifted its focus to ultra high net worth clients with at least $25 million in net worth in 2009, Charrington was named CEO for North America, the largest region by revenues and assets under management.
"In his 20 years at Citi, Peter has helped build the Citi Private Bank brand, significantly increasing assets under management by working to strengthen client relationships and enhance our product offering and servicing capabilities. The Private Bank is an integral part of Citi and we are committed to continue investing in and growing the business," said Jamie Forese, co-president of Citi and head of the Institutional Clients Group.
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