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Citigroup will open a private banking office in OC

Citigroup Inc. plans to make a move into Orange County with the opening of a private banking office in the Center Tower in South Coast Plaza.

The office is set to be the financial services conglomerate’s fourth private banking office in California. The Citigroup Private Bank already has 90 offices in 58 cities in 31 countries.

“I am delighted to have an official presence in the Orange County Community,” said Michael J. Davis, managing director for California, who’ll oversee the office.

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