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Citigroup moves into pensions

Citigroup investment bank has set up a European insurance and pensions structured solutions group in London.

The new 20-strong team will be headed by Wiltrud Heiss and will provide bespoke solutions for insurers and corporate pensions funds Investment & Pensions Europe reports.

The banks says, "The group offers expertise in capital raising, derivatives structured products and structured finance, along with actuarial, accounting and risk management modelling expertise."

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