Citibank Singapore to launch new wealth centre with big targets
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CITIBANK Singapore plans to double its wealth management business in terms of number of customers and market share from its current 5 per cent by 2025, said its top executive.
Riding in part on this is the US bank's move to pump investments in "double-digit millions" to open its 30,000-square-foot new flagship wealth management centre at 268 Orchard Road in the fourth quarter of this year, Citibank Singapore chief executive Brendan Carney told The Business Times.
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