Citigroup Institutional Consulting (CIC) starts with over $45 billion in institutional consulting assets and is comprised of 26 consulting teams, according to the announcement. Each team will have access to specialized research and analytical tools to provide expanded asset allocation advice and research on traditional investment managers and alternative strategies.
The CIC teams will also receive dedicated support in the areas of custody, performance measurement and operations, as well as separate branding, marketing and organizational guidance, the announcement said.
Paul Carter will head the new business unit, with Brian Watts as director of research. The management team also includes Andrew Duren , operations and technology manager, and John Piermont , CIC’s program manager.