Citigroup hired JPMorgan Chase's Nicole Nunag as a managing director to expand its private-banking unit in the New York City area.
Nunag will oversee client relationships, product development, marketing and sales in the region, Citigroup said Monday in a statement. She will report to Ida Liu, a managing director and global market manager for the area.
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The bank has already taken action in instances of staff misbehavior, according to Chief Financial Officer Marianne Lake.
October 14 -
JPMorgan Chase named two insiders to run a combined wealth management and investment services unit, according to company memos.
September 28 -
The broker was barred for allegedly stealing at least $14,400 from three bank customers.
August 22
Citigroup has been seeking to expand its wealth management division for ultrahigh-net-worth clients. Third-quarter revenue for that unit climbed 4% to $746 million on loan growth and improving spreads, Chief Financial Officer John Gerspach said last month.
“We continue to attract high-caliber talent as we build out our team locally,” Liu said in the statement. “Nicole’s appointment underscores this, in addition to our steadfast commitment to provide best in class service to our clients.”
Nunag was at JPMorgan for about 17 years, according to FINRA records. Citigroup said she handled wealthy clients, foundations and endowments. She previously worked in commercial real estate and has a bachelor’s degree from Hofstra University and an MBA from New York University.
