Christopher Adams returns to Citi in a new position as managing director of investment finance in the firm’s New York office.

Citi Private Bank has hired Morgan Stanley Private Bank executive Christopher Adams as managing director of investment finance in its New York office.

Adams joins Citi after serving as executive director for a tailored lending group at Morgan Stanley Private Bank since 2009. Before that, he was employed with Citi for about 20 years, most recently leading a tailored lending team for the Northeast division of Smith Barney Private Client Group from 2001 through 2009.

Adams will report to Michael Frawley, head of investment finance for the Eastern region.

Citi Private Bank provides financial products and services, such as investment, trust and estate planning, to ultra high net worth clients with $25 million and more in investable assets.