Merrill Private Wealth Management chief to lead Citi Private Bank North America

Merrill Private Wealth Management chief to lead Citi Private Bank North America
Citibank incumbent is retiring after 22 years with the firm.
MAR 07, 2024

Citibank has announced that one of it’s long-time employees and senior leaders is to retire after 22 years.

Halé Behzadi, head of Citi Private Bank North America, will leave the firm at the end of March after having been a key element in the growth of the private bank and the development of its team through leadership and mentorship. Before her current role, she held various positions including heading up the private bank’s West Coast team.

Her successor is Don Plaus, who joins Citi after more than thirty years at Merrill Lynch, where he was most recently head of Merrill Private Wealth Management, International and Institutional. Plaus retired from the firm last spring.

Plaus has extensive experience of working with high-net-worth and ultra-high-net-worth clients and will join the Citi Private Bank leadership team on April 1.

Citi has also announced that Antonio Gonzales will be the new head of Latin America for Citi Private Bank, joining the firm after 18 years at JPMorgan, most recently leading JP Morgan Private Bank for Brazil where he was previously head of investments. He will be based in New York and will join the Citi Private Bank leadership team in May.

Fabio Fontainha, the interim head of the Brazil unit, will transition fully to head of business execution once Gonzales joins.

Latest News

Goldman gets shareholder backing on $80M executive bonus packages
Goldman gets shareholder backing on $80M executive bonus packages

The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.

Integrated Partners, Kestra welcome multigenerational advisor teams
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

Women share investing strengths, asset preferences in new study
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.