This article appears courtesy of Institutional Investor
Source: Private Asset Management
Citigroup Global Wealth Management has named Alexander van Tienhoven , most recently head of the private bank in Mexico and Northern Latin America, president of the private bank for Latin America. The 20-year Citi veteran, who replaces Frances Aldrich Sevilla-Sacasa , will be in charge of management and strategic oversight of the private bank in the region and will retain prior responsibilities, said Alexander Samuelson , head of public relations. Based in Mexico City, van Tienhoven reports directly to Damian Kozlowski , global ceo of the private bank.
Marc Dilorenzo , global head of strategy for the private bank, has been named acting coo of Citi's private bank. Dilorenzo, who is taking on responsibility from Miriam Esteve , is based in New York reporting to Kozlowski. Additionally, replacements for Peter White , former head of the family advisory practice, and Claire Costello , head of philanthropic services, have not been made yet. Samuelson would only say the firm is actively seeking to grow its family advisory group as part of the recently launched Strategic Wealth Advisory unit.