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Citi Global Wealth attracts nearly US$15B in net new money from APAC in 1H21

Citi Global Wealth (CGW) took in close to US$15 billion in net new money (NNM) from APAC in 1H21, mainly from its wealth hubs in Hong Kong, Singapore, London and UAE. The amount includes US$8 billion added in 2Q21, with AUM growing 21% YoY. A statement from the bank points out that NNM growth has been underpinned by the recruitment…

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