(Reuters) -Eric Trump, U.S President Donald Trump’s son, has signed up as a client of Citigroup and established a trust that holds some of his father’s money, Bloomberg News reported on Thursday, citing people with direct knowledge of the matter.

The value of the trust at Citigroup, which has the U.S. President as its beneficiary, is unclear, the report added.

When Donald Trump took office for his second term, he handed the daily management of his holdings to his children, repeating an arrangement he made during his first term.

Citi’s relationship started after CEO Jane Fraser reached out to congratulate President Trump on his election win in November, while wealth management chief Andy Sieg led the talks with Eric Trump, 41, the report said.

The bank has weighed how to limit access to

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