Citi Private Bank has named its new global chief strategist, with responsibility for formulating investment views and strategies for the business and its clients around the world.

Steven Wieting is currently managing director and US economist in Citi Research, examining demographic and policy challenges with a focus on the implications for long-term asset market performance, Citi said in a statement.

Wieting will report to Eduardo Martinez Campos, global head of investments at Citi Private Bank, and will remain based in New York for his new role. He will also be appointed chair of the global investment committee for the private bank, and joins the investments leadership team.

“Steven is an economist, investment professional and thought-leader of the highest calibre, and we are happy to bring his extensive experience at Citi and elsewhere to this pivotal role in the private bank. Our clients around the world will benefit from his investment views and strategies on both a macro basis and across asset classes,” said Martinez Campos.

Wieting added: “My time as US economist was very professionally rewarding, and I look forward to bringing the experience I’ve gained to the private bank, and working with bankers, investment professionals and others to advise our global clients.”

He joined Smith Barney in 1996 and was appointed lead economist for Citigroup's US institutional equities business in 2000. In this role, he advised Citi's institutional investor and government clients globally on using macro developments to guide their portfolio decisions. While serving as both an economic forecaster and advisor to asset managers, Wieting examined credit, commodity and foreign exchange market influences as well as corporate earnings forecasts and equity market insights, the bank said.

He also served as economic advisor to the Morgan Stanley Smith Barney global investment committee until early 2013 and was a voting member of predecessor asset allocation committees at Citi. Prior to joining Smith Barney, Wieting was an economics correspondent with Dow Jones, and he also served as a contributor to the Wall Street Journal’s Credit Markets column. Previously he worked for the US Department of Commerce.