In January 2021 the bank said in a joint statement attributed to Citi’s then-CEO Michael Corbat and incoming CEO Jane Fraser that making wealth management a key differentiator and source of enhanced returns ‘will be an important element of our strategy going forward’. How is Citi building its w ealth business?Īt the start of last year, Citi took the decision to consolidate its global consumer banking and institutional units into ‘Citi Global Wealth’, which it describes as an end-to-end services platform for affluent clients through to UHNWs.
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