Cit­i­group tar­gets S. Korea ex­pan­sion

New Straits Times - - Business World -

HONG KONG: Cit­i­group Inc plans to dou­ble its wealth man­age­ment as­sets in South Korea to around US$6 bil­lion (RM26.46 bil­lion) by 2020 and is set­ting up new of­fices and in­vest­ing in dig­i­tal tech­nol­ogy to at­tract new cus­tomers. Asia has emerged as a key bat­tle­ground for global wealth man­agers, with higher eco­nomic growth, rapidly ris­ing wages and a thriv­ing en­trepreneurial ecosys­tem pro­duc­ing rich clients at a pace faster than in the West. It plans to grow its target cus­tomer base in wealth man­age­ment by 50 per cent by 2020.

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