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Citi names a global markets executive to lead a new crypto team devoted to products, clients and investments as demand for digital assets booms

Citi names a global markets executive to lead a new crypto team devoted to products, clients and investments as demand for digital assets booms
Jane Fraser is the CEO of Citigroup.Citigroup


Citi has appointed a new head of digital assets for its institutional clients group.




Puneet Singhvi, a veteran of the firm's global markets division, will lead the team as of Dec. 1.A 




Singhvi's team will explore new products, clients and investments tied to digital assets.


Citigroup appointed a new head of digital assets within its institutional clients group (ICG) on Monday, a reflection of how Wall Street banks are increasingly dipping their toes into the exploding crypto market.The bank has tapped Puneet Singhvi, formerly the head of blockchain and digital assets within the global markets division, to lead its digital assets team. He'll be responsible for working with other senior colleagues across business lines within the ICG to "pursue digital asset opportunities including new products, new clients, and new investments," according to an internal memo. A The memo a?? by Emily Turner, head of business development for Citi ICG a?? also said Citi plans "to hire additional talent over the next several months" to beef up its new digital strategy. Singhvi will start in his new role on December 1, and report to Turner.Citi's institutional clients group encompasses services ranging from investment and corporate banking, markets and securities, to private banking, which manages the portfolios of ultra high-net-worth individuals.
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