Citigroup has named Teresa Radzinski as the newest member of its Citi Private Bank team in the US.

In the role, Radzinski will work with Citi Private Bank’s ultra-high-net-worth clients. Reuters stated she will specifically focus on clients with a net worth exceeding $500 million, citing an internal memo signed by Chris Biotti, head of North America at Citi Private Bank.

Radzinski joins from Bank of America, where she served as managing director and private client advisor at Bank of America for 12 years. In this role, she advised high net worth clients to develop comprehensive wealth strategies.

Prior to this, she was managing director and co-head of financial institutions for capital markets and financing at Merryl Lynch, a position she held between 2000 and 2013.

Chris Biotti, head of North America at Citi Private Bank, said: “Teresa brings more than 35 years of experience delivering strategic wealth management, capital markets, and corporate finance solutions to ultra-high-net-worth individuals and nonprofit organizations.

“Recognised for building trusted client relationships, driving revenue growth and leading high-performing teams, she has deep expertise in private banking, investment strategy, institutional advisory, fiduciary services, and board governance.”

Citi Private Bank started the year with the loss of its long-time global head Ida Liu, who left for HSBC in January after 18 years at Citi Private Bank.

This week, HSBC also announced the appointment of Hannes Hoffman, former managing director of Citi Private Bank, as global head of family offices and Cayman Wills, US Northeast and Midwest region head at Citi Private Bank, as head of HSBC’s private banking operations in the US.

Citigroup as a whole has also made a number of major appointments this year, promoting David Griffiths to group head of AI in May and announcing Ryan Beaupré in June as its new managing director for convenience, food and drug retail.

Last week, Reuters reported the bank is also eyeing approval for its China brokerage business as soon as this month. The regulatory nod would come almost five years after Citi first sought a brokerage licence from Beijing, entering the Chinese market in the wake of JPMorgan, Goldman Sachs, and Morgan Stanley.

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