Key facts
- Citigroup has appointed the head of JP Morgan's trusts and estates division.
- The move occurs amid heightened regulatory focus on anti-money laundering efforts in the financial sector.
Citigroup has recruited the individual who led JP Morgan's trusts and estates division. This strategic hire occurs at a time when the Financial Conduct Authority has alerted the financial sector to enhance its monitoring capabilities to combat money laundering. The specific individual's name was not disclosed in the provided information.