Citi puts bigger bet on Singapore with family offices as ace in hand

Singapore

CITI'S private banking business is looking to leverage Singapore's strategy in wooing more global family offices, with the city-state seen to have a "real lead" over the rest of the region, said Peter Charrington, global head of Citi Private Bank.

At a time of global uncertainty, with trade tensions and Brexit dominating the headlines, Singapore has emerged as a winning financial centre with "clear rules", he told The Business Times.