The head of Citi Wealth's Global Family Office Group (GFO), Hannes Hofmann, has announced his intentions to leave the firm in the coming weeks.
In a note seen by II, Dawn Nordberg, head of integrated client engagement, told the team about Hoffmann's imminent departure after a three-year stint.
The move is the latest in a reorganization of the wealth leadership team that saw James Holder become head of Citi Private Bank for the U.K., Europe and the Middle East. London-based Hofmann joined Citi from J.P. Morgan where he led multi-family and intermediaries for Asia, EMEA and Latam.
"Since joining Citi Wealth in 2022, Hannes has led the transformation of Citi’s Family Office Group - growing our family office coverage globally in partnership with Markets, Banking and the Client Organization," reads the memo from Nordberg.
"He delivered on episodic priorities such as QIS and shaped our industry-leading Family Office events and the annual report. As we integrated Global Client Service (GCS) and Art Advisory into our value proposition, Hannes leveraged his deep understanding and connectivity with family offices to bring the power of OneCiti to clients - delivering greater value for them and unlocking opportunities for the firm."
The firm confirmed that the family office group will remain an integral part of the organization and will continue to develop the area, despite the departure.
Hofmann's announcement comes just weeks after the release of Citi Wealth's 2025 Global Family Office Report, which he spearheaded. The report gave an optimistic view from the families it surveyed, in light of potential deregulation and interest rate cuts in the U.S.
Hofmann nor Citi Wealth confirmed where he would be moving to.
