In Brief: Citi to Merge Smith Barney, Private Bank

Citigroup Inc. has combined the trust units of its Smith Barney and private banking operations and hired Daniel M. Fitzpatrick from Goldman Sachs Group Inc. to run it.

Mr. Fitzpatrick will start Oct. 3 and will report to Damian Kozlowski, the chief executive of Citigroup Private Bank, the New York company said Tuesday. In 2000, Mr. Fitzpatrick established Goldman Sachs' national trust business and has since led it as the chairman, president, and CEO.

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