Citi Private Bank appoints Penny Lovell as managing director

Former Sanlam Private Wealth

Citi Private Bank has hired Penny Lovell, who was previous the chief executive of Sanlam Private Wealth, as managing director at the firm.

Lovell left Sanlam last February following its acquisition by Oaktree Capital Management, after joining the firm in 2017. Before Sanlam, Lovell was managing director at Rothschild and Fleming Family and Partners, and head of private client, marketing and distribution at Close Brothers Asset Management. LGT Wealth Management hires lead portfolio manager for MPS Lovell began in the role in July according to her LinkedIn, and said she is tasked with spearheading "the effort to bring the best of the private bank to our high net worth clients". A spokesperson for the firm said Lo...