Key Insights Institutions' substantial holdings in Citigroup implies that they have significant influence over the...
Citigroup (C) closed at $60.01 in the latest trading session, marking a +1.47% move from the prior day.
NEW YORK (Reuters) -Citigroup's new head of wealth, Andy Sieg, further reshuffled his leadership team on Wednesday and reiterated financial targets as the bank seeks to attract more of its clients' investment assets. During his first public investor conference since joining Citi in September, Sieg acknowledged the wealth unit's lackluster returns and restated profit targets set by CEO Jane Fraser. The wealth division aims to boost returns to above 20% in the medium term, Sieg said, versus 4.6% in the first quarter.