Citi Private Bank has hired David Bailin as a managing director and global head of managed investments.

Bailin will oversee expansion and distribution of the Citigroup Inc. unit's suite of managed investment products and services, including alternative and traditional investments. He will also oversee Citi Private Bank's tailored portfolio group, which provides discretionary asset management services globally.

Bailin was president of alternative investment asset management for Bank of America Corp.'s global wealth management business. Before working for U.S. Trust and Bank of America, he co-founded Martello Investment Management, a hedge fund of funds.

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