New York – (HedgeCo.net) – The founder of hedge fund Old Lane Management, Vikram Pandit, who is currently Chief Executive Officer of Citigroup, officiated the opening of six full-service retail branches in Hong Kong, including one brand new branch located at Cameron Road in Tsim Sha Tsui.
The other five branches, which previously only offered personal lending services, are now upgraded to offer full-banking services and are located in North Point, Tuen Mun, Sha Tin, Tai Po and Kwai Fong. All these six locations now offer a full range of retail banking, personal lending and wealth management services.
“Hong Kong is an important market for Citigroup globally and we are proud of our more than 108 year history in the territory.” Pandit said, “We remain fully committed to the local market and will continue to grow our presence and make it easier and more convenient for our customers to access our world-class suite of retail and wealth management products and services.”
From February 2010, Citibank Hong Kong will also launch a range of new services and products designed to help clients grow their wealth. These include an innovative deposit product called Step-Up Interest Account and permanent wavier of monthly custodian service charge (for both HK and US securities) and deposit of securities fee.”
In addition to 32 branches, Citibank’s Hong Kong retail banking network includes over 60 Citibank ATMs and 2,000 Jetco ATMs in the territory.
Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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