Citigroup Hires JPMorgan’s Nunag for New York Private Bankingby
Nunag will help Citi Private Bank expand in New York region
She was at JPMorgan for about 17 years, Finra records show
Citigroup Inc. hired JPMorgan Chase & Co.’s Nicole Nunag as a managing director to expand its private-banking unit in the New York City area.
Nunag will oversee client relationships, product development, marketing and sales to expand in the region, Citigroup said Monday in a statement. She will report to Ida Liu, a managing director and global market manager for the area.
Citigroup has been seeking to expand its wealth-management division for ultra-high net worth clients. Third-quarter revenue for that unit climbed 4 percent to $746 million on loan growth and improving spreads, Chief Financial Officer John Gerspach said last month.
“We continue to attract high-caliber talent as we build out our team locally,” Liu said in the statement. “Nicole’s appointment underscores this, in addition to our steadfast commitment to provide best in class service to our clients.”
Nunag was at JPMorgan for about 17 years, according to records at the Financial Industry Regulatory Authority. Citigroup said she handled wealthy clients, foundations and endowments. She previously worked in commercial real estate and has a bachelor’s degree from Hofstra University and an MBA from New York University.