Firm's gift to support scholarly research into ultra-wealthy family issues. Citigroup Global Wealth Management and the University of Pennsylvania's Wharton School have teamed up to support to further the research and scholarly work of the Wharton Global Family Alliance, a research and teaching mission touching on matters related to ultra-high-net-worth families and their businesses.

Three years

"Family businesses are vital to the global economy and deserve serious study," says Wharton dean Patrick Harker. "The Wharton School is proud to join with Citigroup Global Wealth Management to develop preeminent research and teaching curricula that will benefit family businesses as well as the broader world economy."

Citi's wealth-management group will figure as the Alliance's lead contributor for the next three years. The Alliance explores issues around philanthropy, wealth management, family-office structure and governance.

"It is exciting to see a leading business school expand its curriculum to address the wide-reaching impact that wealthy families and their businesses have on philanthropy and the economy, locally and internationally," says Todd Thomson, chairman and CEO of Citigroup Global Wealth Management. "We are honored to play a role in moving Wharton's academic agenda forward and look forward to providing resources and sharing intellectual capital."

Citigroup Global Wealth Management is made up of Citigroup Private Bank, Smith Barney and Citigroup Investment Research. -FWR

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