Citibank to Close Last Remaining Branch in Singapore on 12th October 2024, Citibank to Focus on 3 Citi Wealth Hub Located in Orchard Road, Parkway Parade & One Holland Village, Citi Wealth Hub Serves Clients of Citigold with at Least S$250,000 & Citigold Private Client with at Least S$1.5 Million, Citibank Clients Will Continue to Have Access to 280+ ATMs & Shared Networks in Singapore, Citi Announced to Exit Consumer Banking Business in 13 Markets in Asia & Europe in 2021
3rd October 2024 | Hong Kong
Citibank will be closing the last remaining branch in Singapore on 12th October 2024, with Citibank to focus on 3 Citi Wealth Hub located in Orchard Road, Parkway Parade & One Holland Village. Citi Wealth Hub serves clients of Citigold with at least S$250,000 & Citigold Private Client with at least S$1.5 million. Citibank clients will continue to have access to 280+ ATMs & shared networks in Singapore. In 2021, Citi announced to exit consumer banking business in 13 markets in Asia & Europe. In late 2023 & 2024, Citibank Singapore opened 2 new wealth centres at One Holland Village (28/2/24) & Parkway Parade (18/12/23), with the new wealth centres allowing clients of Citigold & Citigold Private Client access to relationship managers nearer to their residences and continue to have access to product specialists at the main Citi Wealth Hub in Orchard (268 Orchard). Citi: “The new centre at One Holland Village was officially opened today by Andy Sieg, Citi’s global Head of Wealth, joining the Parkway Parade wealth centre which had already started serving clients from December 18 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. Situated on the fourth floor of the new One Holland Village integrated development, the Citi Wealth Centre there has a size of 3,700 sq ft and is about 80% larger than the previous branch in the area. The Parkway Parade location features a panoramic view of the sea, and 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 bespoke lifestyle events and investment seminars for up to 35-40 clients.” In 2022, Citibank launched Citi Global Wealth Centre in Hong Kong at K11 ATELIER Victoria Dockside for clients of Citi Private Bank & Citigold Private Client, with Hong Kong being one of 4 Citi global wealth hubs (Hong Kong, Singapore, London & UAE). The Citi Global Wealth Centre is located in Tsim Sha Tsui with over 10,000 square feet floor area. Citi Global Wealth Centre clients in Hong Kong can enjoy exclusive K11 Lifestyle Passport, complimentary afternoon tea set at K11 MUSEA Artisan Lounge and complimentary gift set from K11 MUSEA 181 at Fortnum & Mason. In January 2021, Citi had announced the formation of Citi Global Wealth (CGW), aligning the Private Bank and the Consumer Wealth business. Citi’s Global Wealth in Asia includes Citigold (affluent), Citigold Private Client (Core HNW) and Citi Private Bank (Upper HNW and Ultra HNW).
“ Citibank to Close Last Remaining Branch in Singapore on 12th October 2024, Citibank to Focus on 3 Citi Wealth Hub Located in Orchard Road, Parkway Parade & One Holland Village, Citi Wealth Hub Serves Clients of Citigold with at Least S$250,000 & Citigold Private Client with at Least S$1.5 Million, Citibank Clients Will Continue to Have Access to 280+ ATMs & Shared Networks in Singapore, Citi Announced to Exit Consumer Banking Business in 13 Markets in Asia & Europe in 2021 “
Citibank Singapore Opens 2 New Wealth Centres at One Holland Village & Parkway Parade, New Wealth Centres Allow Clients of Citigold & Citigold Private Client Access to Relationship Managers Nearer to Residences & Access to Product Specialists at Main Citi Wealth Hub in Orchard Road
(From left to right) Brendan Carney, Citibank Singapore CEO; Andy Sieg, Citi global Head of Wealth; Tibor Pandi, Singapore Citi Country Officer and Banking Head; Shyam Sambamurthy, Citi Asia South Wealth Head.
28th February 2024 – Citibank Singapore has opened 2 new wealth centres at One Holland Village (28/2/24) & Parkway Parade (18/12/23), with the new wealth centres allowing clients of Citigold & Citigold Private Client access to relationship managers nearer to their residences and continue to have access to product specialists at the main Citi Wealth Hub in Orchard (268 Orchard). Citi: “The new centre at One Holland Village was officially opened today by Andy Sieg, Citi’s global Head of Wealth, joining the Parkway Parade wealth centre which had already started serving clients from December 18 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. Situated on the fourth floor of the new One Holland Village integrated development, the Citi Wealth Centre there has a size of 3,700 sq ft and is about 80% larger than the previous branch in the area. The Parkway Parade location features a panoramic view of the sea, and 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 bespoke lifestyle events and investment seminars for up to 35-40 clients.” In 2022, Citibank launched Citi Global Wealth Centre in Hong Kong at K11 ATELIER Victoria Dockside for clients of Citi Private Bank & Citigold Private Client, with Hong Kong being one of 4 Citi global wealth hubs (Hong Kong, Singapore, London & UAE). The Citi Global Wealth Centre is located in Tsim Sha Tsui with over 10,000 square feet floor area. Citi Global Wealth Centre clients in Hong Kong can enjoy exclusive K11 Lifestyle Passport, complimentary afternoon tea set at K11 MUSEA Artisan Lounge and complimentary gift set from K11 MUSEA 181 at Fortnum & Mason. In January 2021, Citi had announced the formation of Citi Global Wealth (CGW), aligning the Private Bank and the Consumer Wealth business. Citi’s Global Wealth in Asia includes Citigold (affluent), Citigold Private Client (Core HNW) and Citi Private Bank (Upper HNW and Ultra HNW).
Shyam Sambamurthy, Citi’s Asia South Wealth Head: “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 CEO: “These latest customer-centric enhancements are all about elevating our client experience and enabling us to keep delivering first-in-class wealth management services. We firmly believe that we can continue to give excellent value proposition to our clients here, and closer to where they live.”
About Citi:
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Citi Launches Global Wealth Centre in Hong Kong at K11 ATELIER Victoria Dockside for Citi Private Bank & Citigold Private Client, 2 Million Clients in Asia with $200 Billion AUM
3rd November 2022 – Citibank has launched Citi Global Wealth Centre in Hong Kong at K11 ATELIER Victoria Dockside for clients of Citi Private Bank & Citigold Private Client, with Hong Kong being one of 4 Citi global wealth hubs (Hong Kong, Singapore, London & UAE). The Citi Global Wealth Centre is located in Tsim Sha Tsui with over 10,000 square feet floor area. Citi Global Wealth Centre clients in Hong Kong can enjoy exclusive K11 Lifestyle Passport, complimentary afternoon tea set at K11 MUSEA Artisan Lounge and complimentary gift set from K11 MUSEA 181 at Fortnum & Mason. In Asia, Citi reported more than 2 million clients with over $200 billion AUM (Assets under Management). In January 2021, Citi had announced the formation of Citi Global Wealth (CGW), aligning the Private Bank and the Consumer Wealth business. Citi’s Global Wealth in Asia includes Citigold (affluent), Citigold Private Client (Core HNW) and Citi Private Bank (Upper HNW and Ultra HNW).
Citi Global Wealth Center Benefits – The CGW Center, located in Tsim Sha Tsui with over 10,000 square feet floor area, further extends its privileges through the partnership with K11 Group, the Center’s clients can enjoy:
- Exclusive K11 Lifestyle Passport privileges ranging from gourmet to beauty collections (coming soon)
- Complimentary afternoon tea set at K11 MUSEA Artisan Lounge with sustainable food ingredients
- Complimentary gift set from K11 MUSEA 181 at Fortnum & Mason
Vicky Kong, Consumer Business Manager for Citibank Hong Kong:
“We see more affluent clients, including their next generations, focus on how sustainability relates to their businesses, portfolios and the communities they operate in. The CGW Center itself demonstrates our ESG-oriented culture and reinforces our commitment to work with our clients towards a sustainable future, while creating financial value.”
Sustainability Beyond the Center
Citi: Citi will launch the NextGen Academy collaborating with the K11 Group through which a series of eco-educational activities will be hosted at Nature Discovery Park atop K11 MUSEA targeting the second generation of the Center’s clients as it is Citi and K11 Group’s shared vision that combating climate change has to be a concerted effort across generations. To extend its commitment towards sustainability outside the CGW Center, Citi Hong Kong also becomes a member of Mastercard’s restoration projects within the defined framework of Mastercard for the next two years.
Drive Net Zero Together with Clients
Citi: Citi is proud to play a leading role in the industry’s drive to a more sustainable future with clear targets to reach zero emissions by 2050 for our clients and 2030 for our own operations. In Hong Kong, Citi has a longstanding partner CLP Power Hong Kong Limited (“CLP Power”) which has provided Citi’s staff with sharing on the latest solutions of energy management and decarbonization.
Citi Global Wealth Center Digital Twin in Metaverse to Innovate Client Experience
Citi strives to be the lifelong partner on our clients’ financial journey, leveraging FinTech to deliver new client experiences tailored to their preferences. The Citi Digital Wealth Center in the Metaverse was launched the same day which was built with interactive engagement capabilities such as online appointment booking, live streaming webinars, and more. Clients are welcome to visit the center virtually and experience Citi’s private banking class of services beyond spatial and temporal boundaries. Visit Virtual Experience
Citi Global Wealth Center Benefits:
The CGW Center, located in Tsim Sha Tsui with over 10,000 square feet floor area, further extends its privileges through the partnership with K11 Group, the Center’s clients can enjoy:
- Exclusive K11 Lifestyle Passport privileges ranging from gourmet to beauty collections (coming soon)
- Complimentary afternoon tea set at K11 MUSEA Artisan Lounge with sustainable food ingredients
- Complimentary gift set from K11 MUSEA 181 at Fortnum & Mason
About Citi Global Wealth:
Citi Global Wealth is an integrated wealth management platform that delivers a total wealth solution to clients across the wealth continuum, with integrated advice and execution across both their assets and liabilities. Citi Global Wealth serves ultra-high-net-worth individuals and family offices through Citi Private Bank, operates in the affluent and high-net worth segments through Citigold® and Citigold Private Client and captures wealth management in the workplace through Global Wealth at Work. Citi Global Wealth provides clients with a leading investment strategies platform, which delivers traditional and alternative investments, managed account strategies, best-in-class research and investment guidance for all clients.
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