Posted inBusiness moves

Citi unveils first ever global wealth centre in Hong Kong

The US bank officially unveiled the new centre in Hong Kong's Kowloon district yesterday.
A savings or home finance concept of a money box or Piggy Bank surrounded by gold and silver coins, cash, currency and money to denote wealth and savings with copy space

Citi has unveiled its first ever Citi Global Wealth Center globally in Hong Kong to support the growing needs of its Citi Private Bank and Citigold Private Client clients.

Located in Hong Kong’s Kowloon district, the unveiling took place yesterday and is part of Citi’s continued investment in Hong Kong, one of the bank’s four wealth hubs globally.

Citi Global Wealth, which was formed out of the merger of the consumer and private banking businesses last year, serves the full wealth spectrum ranging from mass affluent to ultra-high-net-worth.

In Asia, Citi Global Wealth has close to $200bn in client assets under management and over 2 million clients.

“As a top-three wealth manager in Asia, we are well positioned to capture Asian clients’ growing appetite for wealth solutions and back them up with the best of both worlds, high-tech and high-touch. Hong Kong is one of our leading global wealth hubs and today’s opening underlines our commitment to invest further to support client led growth in Hong Kong and across the region,” said Angel Ng, head of Citi Global Wealth for Asia.

Part of the Mark Allen Group.