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Citi on Hong Kong hiring spree in effort to triple client numbers


FinanceCiti on Hong Kong hiring spree in effort to triple client numbers
Reuters
2 minutes read
Citigroup Inc (C.N) will hire 300 new relationship managers in Hong Kong and plans to triple client numbers and double assets under management in its wealth management business in the Asian financial hub, it said on Friday.
The announcement comes a day after the U.S. bank said it would withdraw from consumer banking in 13 markets in Asia and Europe, including Australia, mainland China, Korea and Thailand. The group plans instead to focus its east Asian consumer banking business on the wealth centres of Hong Kong and Singapore. ....

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Number of multi-millionaires in Hong Kong reaches new high: survey


1
2021-04-09 08:33:27Xinhua
Editor : Li Yan
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A survey released on Thursday by Citibank Hong Kong showed that the number of multi-millionaires in Hong Kong has reached 515,000, up 2.18 percent compared with the previous survey released in September last year.
A multi-millionaire is defined as a person with a total net worth of 10 million HK dollars (about 1.28 million U.S. dollars) or more and at least 1 million HK dollars in current assets, according to the bank.
The bank randomly interviewed over 4,000 Hong Kong residents aged between 21 and 79 via phone and calculated the number. The results showed that the net assets of the multi-millionaires mainly distributed in properties, accounting for 71 percent. ....

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Number of multi-millionaires in Hong Kong reaches new high: survey - China News

Number of multi-millionaires in Hong Kong reaches new high: survey - China News
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