Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. They expect U.S. President-elect Donald Trump's proposed tariffs to fuel volatility across global markets, spurring inflationary pressures and, in turn, limiting the scope for major central banks to ease monetary policy.

Kate Moore was named CIO at Citigroup 's wealth business, joining the firm from BlackRock ’s $50 billion global allocation business.

Citigroup said that Kate Moore, a portfolio manager at BlackRock, will join its Citi Wealth business as chief investment officer. Moore, who most recently served as head of thematic strategy for BlackRock’s $50 billion global allocation business, will move to Citigroup in February, according to an internal memo seen by Bloomberg News.

The financial industry veteran will be taking over a broad mandate, including developing investment strategies and overseeing multiple groups across Citi's wealth business.

Incoming Chief Investment Officer Kate Moore will have “broad responsibilities” at the firm, according to Citi Wealth Head Andy Sieg.

Citigroup Inc. said Kate Moore, a portfolio manager at BlackRock Inc., will join its Citi Wealth business as chief investment officer.

Moore will join Citi Wealth from BlackRock, where she served as head of thematic strategy for the $50bn global allocation business. Her career spans notable leadership positions, including chief investment strategist for JPMorgan’s Private Bank,