Citigroup has promoted Catherine Weir as head of its new global family office group.

Luigi Pigorini, currently global head of investment finance for Citi Private Bank, has been appointed chief executive of the Europe, Middle East, and Africa region, taking on Weir's current role.

Weir will also serve as vice chairman of the institutional clients group in EMEA at Citi.

Pigorini, who has worked at Citi for 23 years, rejoined the private banking unit in 2009, having served as regional manager in Italy, Spain and Portugal earlier in his career.