Workflow
Citigroup to Launch $80B Portfolio Offering With BlackRock
ZACKS·2025-09-06 01:51

Key Takeaways Citigroup will launch an 80Bportfolioofferingforwealthclients,managedbyBlackRock.BlackRockwilluseAladdinWealthtechtosupportCsbankerswithriskandportfolioinsights.SomeCitigroupInvestmentManagementstaffwilljoinBlackRocktocontinueportfoliomanagement.CitigroupInc.(C)hasannouncedanewcustomizedportfolioofferingforitsglobalwealthclients,appointingBlackRock,Inc.(BLK)tomanageapproximately80B portfolio offering for wealth clients, managed by BlackRock.BlackRock will use Aladdin Wealth tech to support C's bankers with risk and portfolio insights.Some Citigroup Investment Management staff will join BlackRock to continue portfolio management.Citigroup Inc. (C) has announced a new customized portfolio offering for its global wealth clients, appointing BlackRock, Inc. (BLK) to manage approximately 80 billion in assets. The offering, Citigroup Portfolio Sol ...