Citi sells assets in Puerto Rico, Uruguay

Citi sells assets in Puerto Rico, Uruguay

Corporate & Sovereign Strategy M&A Asset Management United States Uruguay

US financial services group Citi said late Monday that it sold assets in Puerto Rico and Uruguay to Miami-based brokerage firm Insigneo in a move designed to simplify its consumer wealth management business. Insigneo acquired Puerto Rico-based broker-dealer Citi International Financial Services and Uruguay-based investment advisory Citi Asesores de Inversión Uruguay in the deal, which has regulatory approval, according to a press release. Citi said it will maintain bank deposit relationships wit

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