Best Private Bank Global Platform
Citi Private Bank
Best Private Bank – Global Platform
Steven Lo
head of Japan, Asia North & Australia and Asia South
“We are honoured to receive this award, which is a testament to the strength of our unparalleled global platform.
“With a network spanning over 180 markets, our world-class institutional franchise, products and investment expertise, we are best placed to serve the needs of our clients, who are becoming increasingly global.
“This recognition also speaks to our continued commitment to always delivering the best for our clients.”
What was behind the judges’ decision?
- With its strong global outreach, Citi Private Bank experienced a remarkable year of financial growth in Asia, driven by notable outperformance from its Taiwan and China-Singapore teams, whose clients sought global services. This success reaffirmed the bank’s commitment to enhancing banker productivity while its client offerings remained unparalleled in global reach.
- Citi Private Bank was also recognised as one of the top private banks in the region, renowned for its exceptional investment solutions. Its global investment lab stands out as a top-notch service with local expertise in Dubai, Geneva, Hong Kong, London, Los Angeles, New York, Singapore, and Toronto. By leveraging customised solutions and sophisticated proprietary modelling techniques, the lab delivers best-in-class investment advice to global clients.
- In 2024, Citi further enhanced its digital platform, making significant investments to expand its digital banking services for institutional clients, including 85% of Fortune 500 companies. These investments, made as part of its ongoing strategy, also helped deliver innovative solutions that anticipate the evolving needs of private banking clients across every stage of their wealth journey.
What we said…
“Citi Private Bank took home the inaugural award for the Best Private Bank for Global Platform, recognising the strong capabilities and unwavering commitment to global client service despite a challenging year,” said Carly Lau, senior reporter, Asian Private Banker. “This award also reinforces what Citi CEO Jane Fraser once said: ‘Global is at the heart of our identity, the clients we serve, and central to our vision.’
“With the strengthened organisational structure and workforce, Citi Private Bank was able to significantly expand its global outreach to ultra-wealthy clients through its One Citi platform. By leveraging Citi’s extensive global presence in nearly 180 jurisdictions – across private banking, global banking, and commercial banking – the bank continues to serve clients seeking multi-jurisdictional wealth solutions and portfolio diversification.
“Through Citi Private Bank’s Global Client Service, clients from any region can seamlessly open accounts beyond their home region for their family, personal, or business needs. In a year where the US market dominated headlines and investment opportunities, Citi Private Bank leveraged its home market advantage to be a leader in delivering the most comprehensive global client service in Asia. Asian Private Banker is proud to present Citi Private Bank with the accolade of Best Private Bank – Global Platform.”
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