Citi has been named Best Global Private Bank at the PWM/The Banker Global Private Banking Awards 2018, held in London on 7th November. The bank was also named Best Private Bank for Customer Service, retaining the title for the second year running.
As well as receiving the top honours, the judges announced that Citi was highly commended for Best Private Bank for UHNW clients and Best Private Bank for Family Offices.
The judges, made up of a panel of 15 members who have the highest level of experience in the private banking sector, highlighted that it was Citis resilience and growth after the global financial crisis, the phenomenal inflow of net new money in 2017, and the incorporation of Citis private banking business in to the institutional clients division, which truly benefits its UHNW client base, that won the firm the top title at this years awards.
Yuri Bender, editor-in-chief, Professional Wealth Management, commented: “When you look at the handful of top institutions which can provide services to the wealthiest global families, Citi is always at the races. There are not many banks who get the formula right, providing top tier private banking combined with investment and corporate banking expertise. Citi is one of the few who can do this. They have managed to recruit well and to develop expertise in alternative investments and real estate, sectors which matter a great deal to wealthy families. Moreover, this expertise is spread across offices in the US, Europe and Asia, enabling them to be close to the locations where clients are running their businesses.”
Peter Charrington, Global Head, Citi Private Bank commented: We are thrilled to receive such a prestigious award from an organisation that we rate so highly. Citi Private Bank is committed to delivering private banking services for its global citizens, and we are honoured to have the trust and confidence of our clients globally, as we truly believe that these are the essential qualities required in building a long term Private Banking relationship. To receive such a huge industry recognition is a reassuring sign that Citis private banking business is going from strength to strength. This award is a testament to the hard work and dedication shown by our team around the world.
The Global Private Banking Awards are now in its 10th year and are firmly established as the world’s most prestigious private banking event. Around 130 banks entered the awards this year, with a particularly strong field of US and European institutions battling for the coveted global award.
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Notes to Editors:
About Citi Private Bank:
Citi Private Bank is dedicated to serving worldly and wealthy individuals and families, providing customized private banking across borders. With approximately $390 billion in global assets under management, the franchise includes 48 offices, serving clients across 130 countries. Citi Private Bank helps clients grow and preserve wealth, finance assets, make cash work harder, safeguard assets, preserve legacies, and serve family and family business needs. The firm offers clients products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance, banking and aircraft finance, as well as art and sports advisory and finance.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi