Total client assets in Citibank’s wealth management business have, reportedly, crossed US$250 billion mark in Asia.
According to livemint.com, the US lenders client assets rose by 10% year-on-year to US$251 billion in May.
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The growth in assets was driven by an increase in new clients and net new funds across the bank’s full wealth continuum platform, the publication said.
Citi’s wealth management business offers services to clients with assets starting from US$1 million up to US$10 million.
Currently, Citibank offers wealth management to more than 630,000 clients in 13 countries across Asia.
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