Citi Private Bank

Citi Private Bank, a subsidiary of multinational banking conglomerate Citigroup, markets Private banking services for ultra high-net-worth individual clients, including entrepreneurs and senior corporate executives. It has 60 offices in 23 countries. Citi Private Bank's major competitors are JP Morgan Chase, Goldman Sachs, United States Trust Corporation, UBS, and HSBC Private Bank.[3][4]

Citi Private Bank
TypeSubsidiary
IndustryPrivate banking
Wealth management
Area served
North America, Europe, the Middle East and Africa, Latin America, Asia
Key people
Peter Charrington, Global Chief Executive Officer [1]
ParentCitigroup[2]
Websitehttps://www.privatebank.citibank.com/

Products & Services

Its Private banking services are divided between ultra-high net-worth clients, Family Offices and Law Firm groups, which focus on servicing the needs of ultra-high net-worth individuals, family offices and law firms and their lawyers. Formerly part of Global Wealth Management, Citi Private Bank is now part of Citi's Institutional Clients Group. Therefore, Citi Private Bank clients are treated as institutional investors rather than consumer banking clients. The Citi Private Bank's Investment solutions group provides wealth advisory services to the bank's clients.

Account Requirements

To qualify for a Citi Private Bank account, one must have a net worth of at least US$25 million. This requirement is waived for law firm clients and qualified high net worth individual clients.[5][6][7]

References
  1. "Peter Clive Charrington - Wealth Expert - Citi Private Bank". www.privatebank.citibank.com. Retrieved 2019-02-13.
  2. "About Our Private Banking Services - Citi Private Bank". www.privatebank.citibank.com. Retrieved 2019-02-13.
  3. "Company Overview of Citi Private Bank". Bloomberg. 20 July 2018.
  4. "Citi Private Bank Shares Critical Insights into the World of Family Offices". BusinessWire. 1 May 2018.
  5. Acosta, Francis Nikolai (2018-07-30). "As PBs up threshold, do boutiques move in?". Fund Selector Asia. Retrieved 2019-02-14.
  6. December 11; Author, 2015; Osterl, rew. "Global Finance Magazine - World's Best Private Banks 2015". Global Finance Magazine. Retrieved 2019-02-14.CS1 maint: numeric names: authors list (link)
  7. Schultz, Abby. "Asia's Super Rich Focus of Private Banks Shakeup". www.barrons.com. Retrieved 2019-02-14.
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