Citigroup’s Asia family office clients poised to grow 25% in 2023

The logo of Citi bank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha/File PhotoHONG KONG, Aug 4 (Reuters) – Citigroup’s (C.N) Asia family office business expects a 25% increase in clients this year, the U.S. bank’s regional head of its family office advisory business said, as Singapore and Hong Kong vie to attract more wealth.The momentum builds off a strong 2022 when the bank saw client numbers increase by around 50% year-on-year in Asia from a modest base in the preceding year, Faye Ong told Reuters in an interview.Global banks have been beefing up …
Read more…….