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Citi notches big jump in retail fund flows after shift to emerging affluent

In January alone, net new money is up 60% from a year ago, says its retail banking head in Singapore

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"It's not 'Charles wants to be a billionaire', it's about when Charles wants to retire," says Mr Wong, on what serving the emerging affluent means.

Singapore

CITI Singapore opened the year with a big jump in fund flows from its retail clients, following its official shift in focus to the emerging affluent segment, a top banker told The Business Times.

In January alone, the bank has grown net new money by 60 per cent from a

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