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

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 year ago, said Charles Wong, head of retail banking in Singapore.

The bank did not reveal the base figures, but did show…