Citibank has opened its first branch for
Citigold Private Clients (CPC) in Moscow.
The Moscow branch is Citi’s first CPC office
in the EMEA region.
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Citigold started serving the Russian market in
2002 and currently has more than 25,000 clients in the country, but
did not provide CPC services up until the launch.
Citigold provides private banking services to
high net worth individuals with assets under management between
$1-15m.
Citibank’s consumer business head Amit Sah
said CPC services have already been successfully launched in Hong
Kong and Singapore in April 2010.
“We are proud to inaugurate Citi’s first EMEA
CPC branch in Moscow, which demonstrates Citi’s confidence in the
growth of the Russian market, as well as commitment to our Russian
clients,” he said.
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