Wealth Management

Citi family office boss exits as wealth shake-up continues

JPMorgan veteran Hannes Hofmann exits the bank after a three-year stint

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Departure is the latest in a string of top-level changes at the lender Photo: Leung Man Hei/Bloomberg/Getty Images

The global head of Citigroup’s family office business Hannes Hofmann has left the Wall Street bank in the latest shake-up to its wealth leadership team.

Hofmann has informed the New York-headquartered bank of his intention to leave after a three-year stint, according to an internal memo seen by Financial News.

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