We are dedicated to serving worldly and wealthy individuals and their families with private banking services around the world. Our clients have business, investment, real estate and family interests in multiple geographic regions, requiring a customized private banking approach that’s entirely connected. Our Global Client Service enables our wealth experts across geographies to unite and form one dedicated team around our clients’ global needs. The Private Bank works in close partnership with Citi’s Institutional Clients Group. This enables us to connect our clients’ businesses to the same corporate and investment banking services from which the world’s top companies and governments benefit. We serve more than 1,400 global family offices worldwide, not only helping them invest, borrow, manage cash and plan, but also advising them on industry best practices and connect them to their peers via our renowned events program. We also assist our clients in navigating wealth legacy issues across borders for future generations. In short, we provide Private Banking for Global Citizens.
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Congratulations to Kerry White, Head of Portfolio Solutions for Citi Wealth, for receiving American Banker’s NEXT award. The award recognizes high-achieving women executives who are executing major projects, initiating meaningful change and shaping the future of financial services. Kerry’s leadership continues to set the standard for excellence across the industry. Learn more about Kerry and the award here: https://on.citi/3y7wYc1
Antonio Gonzales, Citi Private Bank Head for Latin America, spoke with Bloomberg Línea in Brazil about Citi's global expertise and ability to serve clients wherever they prefer to be in the world. These are important differentiators to achieve the growth strategy to double Citi Wealth's business in Latin America in the medium term. Read the interview here: https://on.citi/4d9LH5a
Family offices are becoming more important globally, expanding from a handful in the 1980s to around 15,000 offices today, representing an estimated $5.9tn in assets as of January this year. Hannes Hofmann, Head of our Family Office Group, highlights their increasingly important role in the financial system and how family offices are contributing to the global economy by providing capital and financing for companies and institutions. https://on.citi/3S9ngMV
For many families, it can be difficult to begin conversations around making an impact and creating a lasting legacy, particularly as wealth begins to transfer to the next generation of leaders. So how do we kick start the conversation? Karen M. Kardos, Head of philanthropic advisory speaks with Professional Wealth Management (PWM) on the importance of relationships in private banking to help understand each client’s goals and support them through their philanthropic endeavours. https://on.citi/3xMXxTx
When analyzing hedge fund risks, investors have often failed to focus enough on operational issues. Instead, they have tended to concentrate on investment risks, such as volatility of returns and manager risk. But are you aware of these additional and less obvious risks? https://on.citi/45FTm8M
“You will see more family offices formed in the future, because that’s what the second generation is demanding,” Hannes Hofmann, Head of the Family Office Group at Citi Private Bank, recently told The Business Times in Singapore. “Typically, they want more transparency, they want quicker response times, they want more technology, and they are a lot more international,” Hofmann said. He also noted that the next generation is increasingly taking control of existing family offices and family businesses, especially in Asia. Find out more about Citi Private Bank’s Family Office Group: https://on.citi/3VOQVMk
Private equity and real estate investments involve allocating capital into illiquid investment structures for extended holding periods. So performing a robust operational due diligence review ahead of such a commitment is absolutely vital. Learn about the series of measures to understand, analyze and diagnose operational risk unique to every fund we review. https://on.citi/3KYXmr6
At our second annual Citi Private Bank Women in Wealth Executive Leaders Forum, we discussed the growing economic power of women, the rise of women investors, and what it takes to succeed as a female entrepreneur. The event brought together an inspirational group of progress makers, including founders, investors, and executives. Attendees came away with new connections and fresh insights. Key takeaways – • Economic power is shifting, with women set to control over half of global wealth by the end of the decade. • Investing in women creates the ripple effect of investing in the world. • Own your power and use it to elevate women to achieve success: “Providing women with capital, connectivity, and counsel is critical.” Tracy Chadwell, Founding Partner, 1843 Capital. • “People treat you the way you treat yourself, and you have to own your seat at the table.” Kay Koplovitz, Founder, USA Networks & Co-founder & Chairman, Springboard Enterprises. • “Be engaged, be in the moment, be fearless. Fear will not take you anywhere.” Alicia Grande, Founder & CEO, Grande Cosmetics. Learn more about Citi’s private banking services for women: https://on.citi/3xvEUDo
Sustainable investing is becoming increasingly popular as investors show a greater interest in the impact their money makes. But what are the different approaches, and how do you seek the most suitable one? Our latest video explores. https://on.citi/3KKj8Po