Citi Wealth has employed J.P. Morgan Wealth Administration alum Marc Turansky for the newly-created head of funding advisory packages position within the Funding Options division.
Based on a notice to staff from Funding Options Director Keith Glenfield, Turanksy began Monday and will probably be accountable for “defining and implementing the technique” for rising the agency’s “fiduciary funding packages and platforms.”
Glenfield mentioned Turansky spent 12 years at J.P. Morgan earlier than becoming a member of Citi Wealth. Based on his LinkedIn profile, he started his tenure as an government director of discretionary and non-discretionary packages earlier than finally changing into a managing director and head of advisory packages on the agency’s wealth administration division in February 2021.
Glenfield described Turansky as being accountable for the “strategic path and improvement of all advisory packages and the execution of the general enterprise mannequin” for his division at J.P. Morgan earlier than departing.
“Marc has a powerful observe file of outcomes and partnership in our business,” Glenfield wrote. “I’m thrilled to have him as a part of the Funding Options management crew for what will probably be an thrilling 2025.”
In an announcement to WealthManagement.com, Glenfield added that the agency’s shoppers must have “alternative and entry” to an array of funding options.
“(Turansky) has intensive expertise partnering with monetary advisors to assist make sure the choices make it simpler to service shoppers most successfully daily,” Glenfield wrote. “Additionally, a key a part of his position will probably be evaluating alternatives to reinforce our present capabilities and additional increase attain of the packages globally.”
Earlier than J.P. Morgan, Turansky spent greater than a decade at Merrill Lynch, the place he final held the titles of director and head of enterprise improvement, FA-directed packages, Managed Options Group.
Turansky’s transfer follows a number of different Citi Wealth hires late final yr, together with Eric Lordio, who left J.P. Morgan to go Citi Wealth’s digital division. Earlier than the brand new position, he’d been the top of ConnectWealth Strategic Improvement at J.P. Morgan and beforehand served as managing director and head of recommendation platforms at Morgan Stanley.
Moreover, BlackRock alum Kate Moore joined Citi Wealth as its new chief funding officer, the place she could have “broad duties on the agency,” in line with Head of Wealth Andy Sieg. Lordio and Moore will begin their new roles on Jan. 29 and in February, respectively.
Final June, Citi Wealth snagged former Morgan Stanley strategic consumer administration head Daybreak Nordberg to steer a brand new consumer engagement program. The personnel adjustments are the most recent in a number of shifts following Sieg’s departure from Merrill to take the highest position at Citi Wealth in March 2023.