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Citigroup’s private bank snags former Bank of America exec

David Bailin, a former Bank of America executive, was named managing director of Citi Private Bank, Citigroup said Friday.

David Bailin, a former Bank of America executive, was named managing director of Citi Private Bank, Citigroup said Friday.

Bailin, who led the alternative investment asset management group at BofA, will be responsible for expanding and distributing Citi Private Bank’s investment products. He will also lead Citi’s Tailored Portfolio Group, which provides asset management services.

Citi Private Bank provides wealth management services to high net worth customers.

Bailin will report to Jane Fraser, CEO of Citi Private Bank.

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