Citi eyes Asia wealth management expansion

Citi has set a goal of growing its Asia Pacific wealth management client base by 10% in 2019, up from the 8% gain posted last year as it aims to tap into increasing growth across its priority markets in the region, including China, where it expects to see a 30% increase in Citigold clients in 2019. Citi's wealth management business, which is a part of its consumer banking unit, targets clients in Asia Pacific with investible assets of between $100,000 and $10m in 17 markets. Asia has become the main battleground for global wealth managers, including Credit Suisse, HSBC and Standard Chart...