Philip Pellegrino is joining Citi in July 2026 as head of insurance and retirement within Citi Wealth Investment Solutions, according to an internal memo seen and confirmed by a spokesperson.
Reporting to Keith Glenfield, head of Investment Solutions, Pellegrino is bringing over more than 25 years of experience in insurance, retirement, and annuities.
Most recently at UBS, he served as managing director and head of wealth planning and insured solutions, as well as president of UBS Financial Services Insurance Agency, where he oversaw large, globally distributed teams and managed complex platforms.
In his new role, Pellegrino will be responsible for shaping and executing Citi's insurance and retirement solutions strategy on a global basis. His mandate includes working with leaders across Citi's private bank, Citigold and Citi Priority Client, and Wealth at Work divisions. He will also oversee the firm's wealth relationship with AIA.
The memo credited Amit Aneja and Craig Coolidge with keeping the global insurance business on track during the interim period. Both will now report directly to Pellegrino.
Citi has been hard at work to ramp up production within its wealth division, with the Financial Times report last month reporting aggressive performance targets for its private banking staff. The banking giant has also forged a deal with Advyzon to provide a UMA program for its clients around the world.
Also last month, Citi's wealth division unveiled Sky, an AI-powered chatbot built using Google Cloud and DeepMind technology, to help clients in the US engage with financial advisors and access market insights, among other features.
UBS is expanding its leadership in Manhattan as a trio of top-tier advisors cross over from Morgan Stanley.
The firm named Jeremy Autry as a market director, based at its 1285 Avenue of the Americas office, where he will report to Manhattan market executive Kellie Brady.
Autry brings 25 years of financial services experience to the role. Before joining UBS, he was associate market manager for the 5th Avenue Market at Morgan Stanley, where his responsibilities spanned sales, financial planning, and wholesale distribution.
Brady said in a statement that Autry is "a proven leader with deep experience supporting advisors and helping them deliver thoughtful, client-centric solutions," adding that "his passion for financial planning and strategic leadership makes him an excellent fit for our Manhattan market."
Separately, UBS announced the hiring of financial advisors Harlan Levinson and Louis Vargas, who will operate as the Levinson Vargas Group out of UBS's 299 Park Avenue location, also in the Manhattan market. They report to market director Demie Kommatas.
Levinson's diverse client base spans advertising and entertainment professionals, entrepreneurs, corporate executives, and families, with a focus on wealth accumulation and preservation. His practice areas include retirement planning, trusts and estates, and generational wealth transfer, as well as planning considerations for LGBT and domestic clients.
Vargas brings more than 15 years of experience advising high-net-worth individuals, families, and business owners, with expertise in investment strategy, options, and corporate retirement planning.
Brady called the pair "a great fit for our Manhattan market as we continue to invest in top advisory talent."
Wells Fargo Advisors announced that AGT Private Wealth Group, a Frisco, Texas-based practice managing more than $1.6 billion in assets under management, has joined the firm from UBS. The team officially came aboard May 1.
The group is led by private wealth financial advisors and managing directors Jay Arbetter, Jason Taraszki, Henry Jordan, and Rusti Rogger, along with financial advisors Alec Jordan and Evan Taylor. They are supported by eight staff members.
The team focuses on high- and ultra-high-net-worth families, including those with retirement-focused and multigenerational planning needs.
Chris Gerrish, mid-America market leader for WFA, said the firm is "proud to welcome AGT Private Wealth Group," citing the team's approach of "navigating complexity and tailoring solutions for clients" as consistent with the firm's private wealth capabilities available through its Wealth & Investment Management division.
WFA has been hard at work luring large teams from rival wirehouses. Last week alone, it attracted a $466 million advisor from UBS to its traditional brokerage channel in Florida, as well as a nearly $6 billion Manhattan-based ensemble from Morgan Stanley.
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