Citigroup sets-up new pensions and insurance group

Citigroup has established an insurance and pensions structured solution group (IPSS), which will cut across fixed income, equities and banking in Europe.

IPSS will be headed by Wiltrud Heiss, with Paul Schultz as deputy head, and will focus on multi-asset class solutions. It will hold expertise across derivatives, financing, structured solutions, equities and banking, as well as specialist actuarial, accounting and asset-liability modeling issues for pensions and insurance.

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