The closure of Citi IPB’s onshore wealth management branch in Montevideo’s Ciudad Vieja will happen after the sale of its offshore business to Insigneo.
The shares of global financial services institution Citigroup (C) have been underperforming those of the bank’s peers over the past year. So, as the bank implements strategic restructuring policies, will.
In an effort to streamline its wealth business, Citigroup (C) has agreed to sell two non-bank subsidiaries, Citi International Financial Services and Citi Asesores de Inversion Uruguay, to Insigneo.
Insigneo buys Citi s Uruguay offshore wealth management biz citywireamericas.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireamericas.com Daily Mail and Mail on Sunday newspapers.