Citi forecasts 10% growth its Asia retail wealth unit as clients go online due to coronavirus

Pedro Gonçalves
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Citi forecasts 10% growth its Asia retail wealth unit as clients go online due to coronavirus

New York-based bank Citigroup expects a 10% growth in assets and new clients at its retail wealth business in Asia, with the boost coming from digital banking, as customers go online amid the coronavirus pandemic. The bank plans to expand its customer base across 12 markets, underpinned by online growth, said Fabio Fontainha, Citi's head of retail banking for Asia Pacific. Fontainha's unit serves clients with investable assets of $100,000 to $10m. The bank said it hopes to capture new c...

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