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Citi poaches BlackRock managing director for wealth CIO

Wealth Management

Wealth Management Correspondent

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Citigroup has hired BlackRock managing director and senior portfolio manager Kate Moore to be the chief investment officer of its wealth business. 

Moore is due to join the business in February 2025, according to an employee memo seen by 

. She will oversee the chief investment office of Citi Wealth, as well as its global investment committee and sustainable investing team.

Kate Moore, an eight-year veteran of the fund giant, is set to join Citi in February

Kristen McGachey

Banking

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Alain Courbebaisse will take on role in the new year

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Find out who is on the move in the City and beyond this week

The Fed’s signal that it will cut rates less than expected complicates efforts by other central banks to manage their economies.

Bank of England Keeps Rates Steady After Fed Move

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Musk Draws First Blood With Spending Bill Bombshell 

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Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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