The US bank has named a head of the family office group for the Americas, and brought in three of its senior figures to work in the group, signifying its growing importance.

Citi Private Bank has named former UBS senior figure Richard Weintraub as head of the family office group for the Americas. It has also bolstered the global family office group with other hires from within the US bank.

At UBS, he was at the Swiss bank’s global family and institutional wealth team. Prior to UBS, Weintraub led new business for a cross-asset sales and trading entity at Goldman Sachs and was a founding member of the US firm’s middle-market sales and trading team, which covered institutional family offices and other clients.

Weintraub is joining Citigroup on May 7. He will be based in New York and will report to Hannes Hofmann, who heads the family offices group globally. 

Additionally, the US firm has taken people from the solutions team wealth markets business into its global family office business. 

Amanda Ens (North America), Stefano Gilotti (Europe, Middle East and Africa) and Stephan Lanz (Asia) will join the GFO team from the solutions team, reporting to the respective GFO cluster heads. They will work under the leadership of Lorenzo Frontini, vice chairman of the global family office.