Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Citi to sell wealth alternatives unit to fintech firm iCapital
    Finance

    Citi to sell wealth alternatives unit to fintech firm iCapital

    Published by Global Banking & Finance Review®

    Posted on May 13, 2025

    2 min read

    Last updated: January 23, 2026

    Citi to sell wealth alternatives unit to fintech firm iCapital - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Citigroup sells its wealth alternatives unit to iCapital to simplify its business. iCapital will manage the platform, while Citi remains a distributor.

    Citi Sells Wealth Alternatives Unit to Fintech iCapital

    (Reuters) -Wall Street heavyweight Citigroup has agreed to sell its wealth alternatives unit to fintech firm iCapital, the companies announced on Tuesday, as the bank pursues simplifying its business.

    The unit, Citi Global Alternatives, represents more than 180 funds distributed by the bank across asset classes including private equity, infrastructure, hedge funds, and private credit.

    New York-based iCapital will manage and operate the platform, while Citi will remain the distributor for the funds and offer guidance to clients on the role of alternative investments.

    "We are excited to partner with Citi Wealth to drive growth for their alternatives business globally. iCapital's technology platform will streamline the operations and management of their current and future alternative investment funds platform," iCapital CEO Lawrence Calcano said.

    The firm will also assist Citi Wealth's global sales capabilities with a dedicated team to support the growth of the bank's alternatives platform.

    The terms of the transaction were not disclosed.

    Citi recently revamped its wealth management arm - a key step in CEO Jane Fraser's growth strategy - as part of its broader overhaul to simplify the bank's sprawling structure.

    (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shreya Biswas)

    Key Takeaways

    • •Citigroup sells its wealth alternatives unit to iCapital.
    • •Citi Global Alternatives includes over 180 funds.
    • •iCapital will manage and operate the platform.
    • •Citi remains the distributor for the funds.
    • •The sale is part of Citi's business simplification strategy.

    Frequently Asked Questions about Citi to sell wealth alternatives unit to fintech firm iCapital

    1What is the main topic?

    The article discusses Citigroup's sale of its wealth alternatives unit to fintech firm iCapital as part of its strategy to simplify its business.

    2Who will manage the Citi Global Alternatives platform?

    iCapital will manage and operate the Citi Global Alternatives platform.

    3What role will Citi play after the sale?

    Citi will remain the distributor for the funds and provide guidance on alternative investments.

    More from Finance

    Explore more articles in the Finance category

    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Image for Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    Image for AI trade splinters as investors get more selective
    AI trade splinters as investors get more selective
    Image for EU extends tariff suspension on $109.8 billion of US imports for six months
    EU extends tariff suspension on $109.8 billion of US imports for six months
    Image for Dog food maker Ollie acquired by Spain’s Agrolimen
    Dog food maker Ollie acquired by Spain’s Agrolimen
    Image for Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    View All Finance Posts
    Previous Finance PostEni starts gas production at Merakes East field in Indonesia
    Next Finance PostSpain's antitrust watchdog says BBVA-Sabadell deal won't make market uncompetitive