Citi Named Best Global Private Bank at Global Private Banking Awards
November 01 2019 - 5:30AM
Business Wire
Peter Charrington Named Best Leader in Private
Banking
The Private Bank was also named Best Bank for
Customer Service and Best Bank for Global Families and Family
Offices
Citi Private Bank has been crowned Best Global Private
Bank at the PWM/The Banker Global Private Banking Awards 2019,
retaining the top honour for the second year running. In addition,
the bank was also named Best Private Bank for Customer
Service, as well as Best Bank for Global Families and Family
Offices.
The judging panel noted that they were impressed by the global
nature of Citi's offer, in its bid to fulfilling its goals of
managing the wealth of "global citizens", while appreciating this
is a niche market in which the bank is targeting, focusing almost
forensically on a much narrower band of the wealthiest clients than
is the case of competitors. Citi's strength in three different
continents - the Americas, Asia and Europe, played a huge part in
the decision-making.
The judging panel also appreciated Citi's emphasis on asset
management and the creation of its own investment firm embedded
within the private bank, devoting substantial resources to this,
noting that this is an unusual move in the private banking
community. The specialisation in investment has enabled a
research-based operation to make much headway into areas such as
thematic investing, alternatives and biotechnology strategies.
Peter Charrington, Global Head, Citi Private Bank commented: “To
receive such a prestigious title for the second year running means
so much to us, as our team around the world continues to work
tirelessly to ensure we are delivering the very best private
banking services for our clients. We pride ourselves on our truly
global business model, which allows us to service our globally
minded clients seamlessly, from anywhere in the world. It is a
service that our clients expect from us, and we continue to work to
ensure we are delivering best in class. We are delighted to have
this hard work recognised by an organisation that is so
well-respected in the industry.”
Peter Charrington was also named Best Leader in Private
Banking, at the awards ceremony, a title that is decided by the
judges and based on outstanding leadership and reputation in the
industry.
Yuri Bender, Editor-in-Chief, Professional Wealth Management,
commented: “The collaboration shown in the organisation is worthy
of note when it comes to moving away from product pushing towards
client-centric solutions and introducing an innovative culture. The
judges agreed that while Mr Charrington has been earmarked for
leadership for many years at Citi, he is now growing into the role,
presenting a definitive vision to both employees and consumers and
recognising a number of operational and economic challenges that
face not just Citi, but the rest of the private banking sector. We
believe he could now be the man to handle these challenges
effectively.”
The Global Private Banking Awards are now in its 11th year and
are firmly established as the world's most prestigious private
banking event.
- ENDS -
Notes to Editors:
About Citi Private Bank: Citi Private Bank is one of the
world’s fastest growing private banks; dedicated to serving worldly
and wealthy individuals and families, providing customized private
banking across borders. With approximately $460 billion in global
assets under management, the franchise includes 48 offices, serving
clients across 116 countries. Citi Private Bank helps clients grow
and preserve wealth, finance assets, make cash work harder,
preserve legacies, and serve family and family business needs
through objective advice and a truly open architecture investment
platform. 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.
About Citi: 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
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Belinda Marks 0207 508 3082 Belinda.marks@citi.com
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