Citi Private Bank
Citi Private Bank has proved itself to be a worthy recipient of this year’s award for Best Private Bank – Alternative Investments primarily because it has been able to leverage the strength of its 200-strong product development team in Asia to make managed investment products such as hedge funds, mutual funds and private equity opportunities available and more appealing to its private banking clients. A global team of 20 professionals does research and due diligence on hedge funds and a dedicated team of seven professionals focuses exclusively on private equity and real estate funds. “We do this so that we are picking the best of breed managers in the alternative investment space,” says Debashish Duttagupta, head of investments, wealth management Asia Pacific at Citi Private Bank.”We have steadily brought a stream of alternative investment opportunities to Asian clients and have a dedicated research team for alternative investments in Asia.
We have also managed to bring fairly unique private equity opportunities to our clients which they would not otherwise have access to,” he confirms.