Citi sells wealth alternatives platform to iCapital

Citi, Singapore

Citi will sell the part of its wealth business responsible for distributing alternatives solutions to fintech firm iCapital, in the latest example of how the Wall Street giant is consolidating its business. New York-based iCapital said in a statement that it was acquiring Citi Global Alternatives, the advisor to Citi Wealth’s global alternative investment fund platform. With the purchase, of…

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