Citi Jersey has three banking licenses; is registered for the conduct of investment business and also has a licensed trust company. All three of these service areas are regulated by the Jersey Financial Services Commission.
The main business activity is that of Private Banking and this business works closely with the Cititrust business in Jersey in order to provide a complete spectrum of wealth solutions to high net worth clientele.
Citi International Personal Bank (‘CIPB’) is also present in Jersey and offers banking and investment services to clients with a minimum worth of US$100m up to the entry level for private banking at $25million.
Finally, Citi Jersey has a Treasury (Markets) capability that provides services to clients of each of the Citi businesses as well as running the bank’s risk capital and liquidity positions.