Citibank has opened its first Citigold Private
Clients’ (CPC) Centre in China.

Based on West Nanjing Road, the outlet, also a
smart banking facility, will aim to provide a full range of
products to high net worth (HNW) clients with consumer and
commercial banking services.

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The Citigold centre has been designed to meet
the needs of HNW individuals who hold a minimum of RMB8m
($1.26m).

Strengthening presence

The group now has 12 customer outlets in
Shanghai, where it first began business in China, and a total of 50
across China.

The China opening follows the launch of the
bank’s first EMEA CPC branch in Moscow, Russia in June.

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Citibank jointly launched the CPC wealth
management service in Singapore and Hong Kong in 2010.

It is aimed at high net worth (HNW)
individuals with assets under management of between $1m and
$10m.