The former head of thematic strategy for BlackRock’s global allocation team will join Citi’s wealth business as chief investment officer.

Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. They expect U.S. President-elect Donald Trump's proposed tariffs to fuel volatility across global markets, spurring inflationary pressures and, in turn, limiting the scope for major central banks to ease monetary policy.

Kate Moore was named CIO at Citigroup 's wealth business, joining the firm from BlackRock ’s $50 billion global allocation business.

The financial industry veteran will be taking over a broad mandate, including developing investment strategies and overseeing multiple groups across Citi's wealth business.

Citigroup Inc. said Kate Moore, a portfolio manager at BlackRock Inc., will join its Citi Wealth business as chief investment officer.

Moore will join Citi Wealth from BlackRock, where she served as head of thematic strategy for the $50bn global allocation business. Her career spans notable leadership positions, including chief investment strategist for JPMorgan’s Private Bank,