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April 27, 2010updated 04 Apr 2017 3:54pm

Citibank launches CitiGold Private Client

Citibank has launched a wealth management service aimed at high net worth (HNW) individuals with assets under management of between $1m and $10m. Launched jointly in Singapore and Hong Kong, CitiGold Private Client, aims to cater for both personal and business wealth and provides a stepping stone to the ultra HNW service provided by Citi Private Bank. According to the World Wealth Report 2009, compiled by CapGemini and Merrill Lynch, the combined wealth of Asia-Pacifics HNW individuals is estimated to grow at an annual rate of 12.8% by 2013, surpassing the global average of 8.1%.

By PBI Editorial

Citibank has launched a wealth management service aimed at high net worth (HNW) individuals with assets under management of between $1m and $10m.

Launched jointly in Singapore and Hong Kong, CitiGold Private Client, aims to cater for both personal and business wealth and provides a stepping stone to the ultra HNW service provided by Citi Private Bank.

According to the World Wealth Report 2009, compiled by CapGemini and Merrill Lynch, the combined wealth of Asia-Pacific’s HNW individuals is estimated to grow at an annual rate of 12.8% by 2013, surpassing the global average of 8.1%.

CitiGold private client services will be rolled-out across the region in phases. The service will be introduced in India and Taiwan in the second half of the year, followed by Korea, Japan, Malaysia, Indonesia and the Philippines.

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