Citi Private Bank has been named Best Global Private Bank for the second year in a row and was judged to have one of the Best Management Teams in the world by two Financial Times publications, The Banker and PWM. To win this award again is a great achievement especially considering the panel of judges examined over 300 institutions.
In addition, The Asset and Asia Risk awarded Citi Private Bank their top distinctions: Best Wealth Management House in Asia and Private Bank of the Year.
Winners had to demonstrate their ability to adapt their business model to the new regulatory and post financial crisis environment, generate sustainable long-term adjusted returns and offer trusted advice to wealthy investors. Innovations in improving service to clients were also examined.
Decisions were also based on quantitative data, including capital adequacy requirements, AUM, asset flow patterns, net profits, cost-income ratios, adviser-to-client ratios and performance figures for managed portfolios.
Phil Hooper, Citi Country Officer in Jersey, said "The awards reflect an enormous amount of hard work, discipline and client focus by the whole of the Citi Private Bank team around the world, including Jersey. Citi Private Bank has continued to invest in its people, its technology and its depth and breadth of investment expertise and this benefits clients during the current volatile environment."
Citi Private Bank is a part of Citi, the leading global financial services company, which has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com