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Wealth Management
Bank doubles down on city-state as a venue to manage private clients
U.S.-based bank Citigroup said it will open two new wealth advisory hubs in Singapore.
© Reuters
SINGAPORE — Citigroup on Wednesday announced that it is expanding its wealth management presence in Singapore, even as rivals take over its consumer business units elsewhere in Asia.
The U.S.-based bank said it will open two new wealth advisory hubs in the city-state as the Asian financial center draws increasing interest from the region’s rich to manage their portfolios from there.
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