Citibank Tai­wan marks re­lo­ca­tion of Chi­ayi Branch

The Pak Banker - - Front Page -


Citibank Tai­wan cel­e­brated the re­lo­ca­tion of its Chi­ayi Branch in south­ern Tai­wan to­day with an open­ing cer­e­mony at­tended by Vic­tor Kuan, Citibank Tai­wan Chair­man; Yunny Lee, Citibank Tai­wan Head of Re­tail Bank­ing; Lin Chien-chih, Se­nior Ad­vi­sor to Pres­i­dent Ma Ying-jeou; and Huang Min-hui, Mayor of Chi­ayi City.

Dur­ing the cer­e­mony, Citibank also an­nounced the launch of its In­sti­tu­tional & High Net Worth Fund Plat­form, a new ser­vice that pro­vides Cit­igold Pri­vate Clients (CPC) ac­cess to high-con­vic­tion unit trusts from top-tier global fund man­agers, in par­tic­u­lar share classes of funds that have been tra­di­tion­ally avail­able to in­sti­tu­tional and ul­tra high net worth clients. Pre­vi­ously, only in­sti­tu­tional in­vestors could pur­chase these prod­ucts with a min­i­mum in­vest­ment of $500,000 but now, CPC clients can avail these prod­ucts with a min­i­mum in­vest­ment of $100,000.

Vic­tor Kuan said: “Chi­ayi City has many his­tor­i­cal sites and tourist at­trac­tions and is the start­ing point of the Alis­han For­est Rail­way. For the last 22 years, Citibank Tai­wan has been com­mit­ted to serv­ing the res­i­dents of Chi­ayi City. We con­verted the Chi­ayi Branch into a Smart Bank­ing branch, reaf­firm­ing Citi’s long-term com­mit­ment to in­vest in Tai­wan, es­tab­lish­ing a strong her­itage on the is­land, and of­fer­ing our clients world-class fi­nan­cial ser­vices.” “Citibank Tai­wan launched CPC in 2011. One year later, we have set up a wide range of fa­cil­i­ties in our branches, and our staff is ready to pro­vide the best ser­vice. We are al­ways com­ing up with new value-added prod­ucts and ser­vices for our CPC clients. By lever­ag­ing our global plat­form, we are now able to bring In­sti­tu­tional & High Net Worth share-classes to these clients,” said Yunny Lee.

The In­sti­tu­tional & High Net Worth Fund Plat­form in­cludes nine se­lected funds, rang­ing from stock funds to bond and mon­ey­mar­ket funds. Clients who subscribe to these will en­joy a lower sales charge and fee cal­cu­lated on the value and pe­riod of the in­vest­ments held. Citi will also of­fer a range of high-net-worth funds to meet cus­tomers’ di­verse fi­nan­cial needs in the fu­ture.

For two cen­turies, Citi has fi­nanced some of the world’s most rev­o­lu­tion­ary projects, in­clud­ing the Panama Canal in 1904 and the U.S. Space Shut­tle Pro­gram in 1995. In Tai­wan, Citibank has pi­o­neered bank­ing in the do­mes­tic mar­ket through developments.

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