Posted inBusiness moves

Citibank Singapore opens two new wealth centres

New locations in One Holland Village and Parkway Parade are ready to serve clients closer to their homes and complement the bank’s main Orchard hub.
Beautiful summer cityscape in Singapore. Amazing skyscrapers among green trees. Park in residential area. The sea is visible in background.

Citibank Singapore said today that it had completed both of its satellite wealth advisory centres in the Lion City, reaffirming the bank’s commitment to the country as a key strategic location for its wealth business.

The new centre at One Holland Village was officially opened by Andy Sieg, Citi’s global head of wealth, joining the Parkway Parade wealth centre which had already started serving clients from 18 December last year.

First announced in October 2023, the two recently completed facilities allow the bank’s Citigold and Citigold Private Client customers to meet with their relationship managers nearer to their homes, while still having access to a team of product specialists and the main Citi wealth hub at 268 Orchard.

Shyam Sambamurthy, Citi’s Asia South wealth head, said in a statement: “Singapore continues to be a key and strategic location for Citi’s wealth business, as one of our four global wealth hubs. We remain upbeat about the industry’s future in this country, hence we continue to invest by establishing these two new wealth centres.”

Brendan Carney, Citibank Singapore chief executive oficer, added: “These latest customer-centric enhancements are all about elevating our client experience and enabling us to keep delivering first-in-class wealth management services.”

Situated on the fourth floor of the new One Holland Village integrated development, the Citi Wealth Centre has a size of 3,700 sq ft and is about 80% larger than the previous branch in the area.

The Parkway Parade location is on Level 22 with a floor area of 4,600 sq ft, expanding the bank’s presence there by more than 60%. 

Both wealth centres feature private advisory rooms each with video conferencing capabilities, allowing clients to meet their relationship managers as well as speak with product specialists remotely. The centres also have space to host events for up to 35-40 clients.

Part of the Mark Allen Group.