The bank now has approximately $285b in Assets Under Management.
Citi Asia Pacific has revealed that it attracted over $20b in net new money across its regional wealth management business in 2020. This was 10% higher than its 2019 total, the bank said.
The bank said that it now has approximately $285b in AUM, and that it ranks amongst the three largest wealth managers in Asia Pacific.
Citi attributed part of its growth to its refreshed digital value propositions, including a new mobile banking experience with enhanced wealth management tools, which reportedly drove the growth of its mobile users by over 1 million.
It’s wealth franchise includes Citi Priority for emerging affluent customers; Citigold for affluent clients; Citigold Private Client for core high net worth (HNW) individuals; and Citi Private Bank for upper HNW and ultra-HNW clients. The latter counts approximately one-third of the region’s billionaires as clients, Citi added.
Do you know more about this story? Contact us anonymously through this link.