Archive · 5 Sep 2025
Citigroup and BlackRock Partner on $80 Billion Asset Management
Citigroup, a big bank, is teaming up with BlackRock, another big company that manages money.
They're working together so that BlackRock can manage about $80 billion for Citigroup's wealthy clients.
This means BlackRock will handle the actual investing, while Citigroup's advisors will still help clients decide what to invest in.
Citigroup advisors will help clients with investment strategies and asset allocation.
BlackRock will then execute the strategies.
As part of this deal, Citigroup will also start using BlackRock’s special computer program, Aladdin Wealth, to help its advisors manage the money.
This will help Citigroup make sure its clients money is well managed.
Citigroup and BlackRock have agreed on a deal.
BlackRock will manage roughly $80 billion in assets for Citigroup's wealth clients.
Citi Investment Management (CIM) clients will get advice from Citi private bankers.
BlackRock will be responsible for executing wealth strategies.
Citi will deploy BlackRock’s Aladdin Wealth platform.
- Who
- Citigroup and BlackRock
- What
- Entered an agreement for BlackRock to manage assets for Citigroup's wealth clients.
- When
- Announced on Thursday.
- Where
- N/A
- Why
- To manage approximately $80 billion in assets for wealth management clients.
- Agreement
- Citigroup and BlackRock
- Assets under Management
- $80 billion
- BlackRock's Role
- Managing and executing wealth strategies
- Citi's Role
- Wealth advisory, asset allocation, and strategy guidance
- Platform
- BlackRock’s Aladdin Wealth platform