NEW YORK, Oct 30 (Reuters) - Citigroup ( C/PN ) has hired Anne

McCosker from Goldman Sachs ( GS ) as head of lending for its wealth

division, an internal memo seen by Reuters showed.

McCosker was recently Goldman's Global Head of Private Bank

Lending. In the memo, Citi's wealth head Andy Sieg wrote that

McCosker while at Goldman had led a "significant and effective

strategic shift in lending to ultra-high net worth individuals,

institutions and families". McCosker has also worked at Barclays

Wealth and ANZ Bank in Australia.

Sieg, hired a little more than a year ago from Merrill Lynch

to lead CEO Jane Fraser's efforts to expand its wealth

management division, has focused on bringing in more assets from

Citi clients invested elsewhere. The results began to appear in

the third quarter earnings.

The wealth management division posted revenue growth of 9%

in the third quarter to $2 billion. "Our clients have $5

trillion in assets invested, mostly elsewhere, and we're

starting to increase our share in it," Sieg said in an interview

with Reuters during the earnings release.