Highly Commended Private Bank – Greater China
Citi Private Bank
Steven Lo
head of Citi Private Bank, Japan, Asia North & Australia and Asia South
This recognition highlights Citi Private Bank Asia team’s unwavering dedication to Greater China, a crucial market at the heart of Asia’s growth story.
Over the past year, Citi Private Bank in Asia has demonstrated remarkable growth and significant momentum, achieving substantial increases in both franchise revenues and net new investment assets. Our commitment to innovation, coupled with a deep understanding of market dynamics, has allowed us to consistently enhance our client and employee services.
We strive to deliver unparalleled, tailored solutions that meet the evolving needs of our sophisticated clientele. This prestigious award truly inspires us to continue pushing boundaries, driving further excellence, and setting new benchmarks for the private banking industry.
Winners Rationale
“Citi Private Bank’s place as Highly Commended Private Bank – Greater China reflects its significant investment and asset growth in the region,” said Kylie Wong, senior data reporter at Asian Private Banker. “In 2025, Citi Private Bank saw robust investment revenue and investment penetration growth in Greater China, with broad participation across multiple investment products.
“Citi Private Bank successfully leveraged its global and institutional resources, adding another dimension of customisation and sophistication in its private banking services. This is further enhanced by the bank’s approach of aligning client values to investment outcomes.
“The private bank also captured client and AUM growth in Greater China through its Investment Lab proposition, where clients’ portfolios undergo stress testing, and recommendations to mitigate risk and boost performance are provided.
“Citi Private Bank adjusted its banker workforce to align with its global reorganisation efforts in 2025. The bank doubled down on enhancing banker productivity, leading to strong revenue per banker above industry norms, while its strategies underscore its commitment to the Greater China market.
“These key points make Citi Private Bank a fitting recipient of Highly Commended Private Bank – Greater China.”
