The portfolio, named Citi Portfolio Solutions, will combine Citigroup Inc.'s expertise in investment advisory services with BlackRock's strong presence in investment management and technology.
BlackRock will manage a range of investment strategies, including Equities, Fixed Income, Multi-Asset, and Private Markets.
Additionally, BlackRock will provide its advanced Aladdin Wealth technology platform to the company’s private banking division, enhancing risk management, portfolio insights, and client servicing capabilities.
Management noted that the agreement is expected to commence in Q4 2025, pending regulatory approval, and is not anticipated to materially impact Citigroup Inc.'s previously disclosed financial targets.
