Hong Kong a magnet for Asia’s rich as diverse investment options boost Citibank’s clientele

Rich customers from mainland China and Asia prefer to deploy their wealth in Hong Kong as they seek wider investment choices and better returns, which in turn is driving Citibank’s international wealth-management business, according to a senior executive. Citibank, the wealth-management arm of Wall Street giant Citigroup, saw its high-net-worth international personal banking clients double in the first eight months this year from a year earlier, said Janus Wu, head of international personal bankRead More