Citigroup loses UK transition management team - UPDATED

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CITIGROUP has become the latest investment bank to lose its UK transition management team as investment consultants Mercer claim pension funds are now favouring the security of the asset management model.

The changes at Citi's come hot on the heals of December's announcement that UBS is to shut its European TM business. Lehman Brothers transition business shut when the bank filed for bankruptcy in S...

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