Bahrain hub for Citibank service
Manama, May 4, 2011
Citibank has chosen Bahrain as its centre for international personal banking (IPB) across the region plus Africa and Europe, said a top official.
"We chose Bahrain for this offering as part of our continuous investment in the country and due to the suitable regulatory environment that the government provides to the banking and financial sector," said Citibank Bahrain chief executive officer Mazin Manna.
"We are also keen on providing value-added services to our clients in Bahrain and in select countries in the region.”
"Citi IPB EMEA services are an integral part of our investor offer which caters to the financial aspirations of local investors, while fulfilling the requirements of expatriate investors who seek one point of contact for their global investment needs," he added.
IPB offers a bouquet of offshore international wealth management products and services targeting investors who wish to tap into international investment opportunities, available through the bank's offices in London and Jersey, as part of a balanced portfolio.
Globally, Citibank's international personal bank operates from 14 offices around the world and has over 185,000 customers and nearly $35.5 billion of client assets under management.
Citi IPB EMEA provides clients with a personalised service to help them manage and grow their wealth through long-term wealth advisory planning, savings and investments.
"Bahrain's potential and right mix of investor base fits IPB's unique offer of global investment opportunities and easy access to the international market," said Citi IPB EMEA business manager Grant Carson.
"We will ensure we put our accumulated wealth of knowledge at our clients' disposal, while crafting diverse portfolios that suit their discerning tastes and needs," he added. – TradeArabia News Service