Citi wealth management business hits USD251 billion at end-May

Posted by Anton Murray Consulting on 6 Jul, 2014

Client assets at Citi’s Wealth Management businesses in Asia have topped the quarter of a trillion dollars mark for the first time in the bank’s history. At the end of May, Citi Asia had US$251 billion in client assets under management, up 10% year-on-year.

This growth was driven primarily by an increase in new clients and net new funds across the bank’s full wealth continuum platform that serves clients ranging from the emerging affluent to the region’s billionaires.
Citi’s Wealth Management offering in the region has differentiated services, advisory and products. These are Citigold for clients with investible assets of up to US$1 million at Citi, Citigold Private Client for US$1-US$10 million and Citi Private Bank for US$10 million and over.
Supporting the growth in assets is Citi’s strategy to differentiate itself by offering best-in-class products, research and access to its global network. Key to this strategy is Citi’s ability to deliver value to clients by offering them appropriate solutions from its wealth continuum platform.
“The ability to offer retail investors access to world class institutional funds has underpinned the growth in assets. As Asia’s leading wealth manager, the growth is also testament to the confidence our clients have in our brand,” said Stephen Bird, Citi’s CEO for Asia-Pacific.

Citi offers wealth management services to over 630,000 clients in 13 countries across Asia.

The Asset

Latest market insights

Funds turn to non-traditional sectors amid commercial property downturn

› Read more

Magellan completes board renewal process with new appointment

› Read more

Aussie super funds rise in global pension fund rankings

› Read more

Rest Super commits to ‘operate and scale’ renewable energy assets

› Read more

‘Urgent need’ for super funds to improve experience of members

› Read more

Twitter feed

Our client is seeking a Senior Business Analyst to work in their risk & compliance project team. Ideally you will be in Melbourne, but our client can accommodate a Sydney-based applicant on this 12-month contract:

A well-regarded regional asset manager is seeking a Senior Fund Accountant to support their growing Singapore office:

A leading US asset manager with a well-established Singapore office is seeking a Client Executive for their relationship management team:

A global financial institution is seeking a Dealers Assistant to join their Wealth Management/Stockbroking Department in their Perth Office:

Sign up to our newsletter

Sign up to our newsletter

"*" indicates required fields

By subscribing to our newsletter I agree to the collection, use and disclosure of my personal information in accordance with our Privacy Policy