The logo of Citi bank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit PerawongmethaAsia wealth revenue surged 20% in the first quarter of 2023, backed by investment gains, insurance revenue and a jump in new private banking clients, according to a company spokesperson.
The number of new clients who joined Citi's Private Bank in the region have doubled in the first quarter from a year ago, with new private banking assets growing 20% year on year, according to a Citi spokesperson.