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Citibank launches wealth management service in Asia

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Citibank has launched Citigold Private Client, a wealth management proposition that meets the needs of high net worth individuals with assets under management of between USD1m and USD10m.

Launched jointly in Singapore and Hong Kong, Citigold Private Client provides a client servicing model which takes care of the individual’s personal and business wealth.

The proposition will be rolled-out across Asia in phases. India and Taiwan are scheduled next for implementation in the second half of 2010, followed by Korea, Japan, Malaysia, Indonesia and the Philippines.

Jonathan Larsen, head of consumer banking and global cards at Citi Asia Pacific, says: "Citigold Private Client is unique as an all-encompassing wealth management proposition that meets the full spectrum of clients’ financial needs. The ability to provide clients with products and services that cut across typically discrete banking solutions is Citi’s unique strength and speaks of the scale, depth and diversity of its range of businesses."

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