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BlackRock · United StatesWhat the Deal Involves BlackRock has struck a deal with Citigroup to manage about $80 billion in assets on behalf of Citi’s wealth management clients, the bank said Thursday. The arrangement transfers a large portion of Citi Investment Management’s (CIM) mandate to the world’s biggest asset manager while leaving Citi’s private bankers in charge of client advice, asset allocation, and strategy selection. The agreement, set to begin in the fourth …See the Story
Citi Hands $80B in Wealth Assets to BlackRock for Management
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Artificial IntelligenceThe global post-trade industry is entering a new phase of transformation driven by digital assets and AI, according to Citi’s latest “Securities Services Evolution” whitepaper.The bank’s fifth annual survey, which gathered input from 537 market participants including custodians, broker-dealers and asset managers, highlights how tokenization, accelerated settlements and AI-driven automation are reshaping trade processing.Citi estimates that by 20…See the Story
Stablecoins and AI Could Drive Post-Trade Shakeup, Citi Says
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