Kate Moore is Citi Wealth’s new chief investment officer, according to a letter from Head of Wealth Andy Sieg to Citi Wealth employees. She joins from BlackRock and will start in the new role in February.
According to Sieg, Moore will have “broad responsibilities” at the firm, including leading the development and delivery of independent investment strategies for clients and advisors and supervising the firm’s Chief Investment Office, Global Investment Committee and sustainable investing team.
“I am confident she will be an excellent representative for Citi Wealth as we serve the world’s changemakers in their drive to create wealth,” Sieg said in his letter directed to the firm’s employees.
She’ll take over the role from Steven Wieting, who has been acting as interim CIO for six months. He replaced David Balin, who announced his departure as CIO in May (he’d held the spot since 2019). Wieting is remaining in his role as chief investment strategist and economist on the CIO team.
Before moving to Citi, Moore was a portfolio manager at BlackRock and the head of thematic strategy for the company’s $50 billion Global Allocation business, a role she has held since 2019 (she joined BlackRock in 2016). She was also chief investment strategist for J.P. Morgan’s Private Bank and held senior roles at Bank of America Merrill Lynch and Morgan Stanley.
“She is a widely respected industry thought leader with expertise from asset allocation to thematic investing to equity research,” Sieg wrote.
Citi Wealth hired former J.P. Morgan Executive Eric Lordi several weeks ago to lead its digital division starting Jan. 29, 2025. As its head of wealth platform and experience, Lordi will supervise the development and delivery of Citi Wealth’s digital experiences to clients, advisors and bankers.
Citigold also recently launched a new loan and bonus program for $1 million+ financial advisor talent; executives are confident that advisors in its 641 bank branches can benefit from referrals from relationship managers serving affluent bank-only clients needing more help. Additionally, in June, former Morgan Stanley strategic client management head Dawn Nordberg left to lead a new client engagement program at Citi Wealth.
The shifts in personnel and priorities are the latest in a run of changes following Sieg taking the reins of the top role at Citi Wealth in March 2023. He joined from Merrill, where he’d been the wirehouse’s wealth management head for six years.
