Banking giant Citi has opened its largest wealth hub globally for its Citigold and Citigold Private Client customers in Singapore, as reported by FSA‘s sister publication, International Adviser.
This is part of the bank’s strategy is to bolster its digital tools and wealth hubs, deliver more innovative mobile solutions and expand its talent pool by hiring over 330 relationship managers by 2025.
The opening of Citi Wealth Hub at 268 Orchard will serve wealth clients in Singapore as well as improve its digital offering in a bid to help clients manage financial needs digitally, while handling the intricacies and needs of high net worth clients face-to-face.
Brendan Carney, chief executive of Citibank Singapore and global consumer banking Asean cluster head, said: “Citi has an enormous opportunity to serve the growing affluent segment in Singapore. In line with our growth aspiration and despite a uniquely challenging year, we grew qualified clients by close to 5% in 2020 compared to 2019.
“Citi Wealth Hub at 268 Orchard will further enhance our capacity to serve our clients and bring best-in-class wealth management solutions to them, as we listen to their needs. We have bold goals for Singapore, and this is only the beginning.”
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