Citibank Singapore to launch new wealth centre with big targets

Singapore

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.