April 15 (Reuters) - Citigroup's ( C/PN ) David Bailin,

chief investment officer (CIO) at the global wealth division,

will leave on May 15 after 15 years at the bank, he said in a

LinkedIn post on Monday.

Bailin became the global head of investments in 2017 and

took his current job in 2019. Before joining Citi, he was the

head of alternative investment asset management for Bank of

America's ( BAC ) global wealth and investment management.

Bailin will pursue a new opportunity, said Andy Sieg, head

of the wealth management division, in a memo seen by Reuters,

without elaborating.

Steven Wieting, chief investment strategist and chief

economist, will become interim CIO as Citi seeks a permanent

replacement, Sieg added.

Bloomberg reported earlier on Monday Bailin's exit.

Wealth is a key area in CEO Jane Fraser's reorganization

plan announced in September to increase profitability. Citi

said

on Friday it had completed most of its proposed layoffs at

the end of the first quarter.