‘The first time ever in my career’: Senior Citi executive on why the ultrawealthy want to diversify away from America

Wealthy American families are increasingly diversifying assets outside the U.S., driven by concerns about policy risk and a desire for stable political environments. Citi Wealth's Darlene Patterson notes this trend is unprecedented in her career, with clients seeking additional residencies in countries like Italy, Portugal, and New Zealand rather than fully relocating.