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Building DPM teams is tough, says Citi's Bacon

Bernadette Tio
Citi Private Bank is finding it hard to hire suitable talent for its discretionary portfolio management business – and it is not alone on that front.
Building DPM teams is tough, says Citi's Bacon

Citi Private Bank is struggling to find suitable talent to build discretionary portfolio management (DPM) capabilities, according to one of its senior executives. This has been an issue for the firm for five years now, and it is not the only wealth manager facing this challenge.  

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