The leadership team for Citi Capital Advisors (CCA) disclosed in a memo yesterday that the global alternative asset management platform for institutional and ultra high-net-worth investors will soon be under employee ownership separate from its parent company.

On Feb. 16, John Havens, firm chairman, Jon Dorfman, co-CEO, and CIO and co-CEO Jim O’Brien explained in an internal message to Citi employees that the plan to move CCA to employee ownership is the “next logical step” for the business.

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