Citibank Taiwan has partnered with Allianz Global Investors Hong Kong, Value Partners and China Asset Management (Hong Kong) to further expand in Taiwan’s offshore banking unit (OBU) wealth management business.
According to a chinapost.com report, based on the feedback Citibank Taiwan received from its OBU customers the bank is planning to launch three categories of investment products and services to its OBU customers.
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The products are: Renminbi-denominated products, high yield bonds and structured products and offshore funds.
As a part of the deal, Allianz Global Investors Taiwan and Value Partners will to offer their premier products in the Taiwan market exclusively through Citibank Taiwan.
According to the website, Citibank Taiwan will offer new structured products every month upon the trend to help OBU customers manage their assets well.
