SSB Citi becomes Citigroup Asset Management
US – SSB Citi Asset Management Group has changed its name to Citigroup Asset Management.
The re-branding of the unit, which comprises the former independent asset management operations of Smith Barney, Salomon Brothers and Citibank, follows on from the renaming of the group’s US retail mutual fund business under the Smith Barney moniker last year.
“ The Citigroup name is recognized around the world and our new name is a stronger description of our world-class company.
“ Moreover, this new name reflects our successful effort to simplify and streamline our business around the world,” says Thomas W Jones, co-chairman and chief executive officer of Citigroup Asset Management.
Total assets under management for Citigroup Asset Management now equal US$401bn.