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UOB s Citi acquisition to help it grow in Asean

UOB’s S$5bil acquisition of Citigroup’s consumer businesses in Malaysia, Thailand, Vietnam and Indonesia will be a game changer by doubling the bank’s Asean customer base outside Singapore and accelerating its regional customer base target five years ahead of time.

UOB s Citi acquisition to help meet goal of becoming preferred bank in Asean, says senior exec

In the process, UOB is also absorbing most of Citi’s 5,000 staff around the region. Read more at straitstimes.com.

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