Citi Private Bank inaugurates new premises in Abu Dhabi

ABU DHABI — Citi Private Bank (CPB), a member of Citi, inaugurated its new and expanded premises in Abu Dhabi, to provide wealth management services.

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Published: Wed 28 May 2008, 8:27 AM

Last updated: Sun 5 Apr 2015, 1:44 PM

Housed at the landmark Al Bateen C1 Tower next to the UAE Central Bank Headquarters, the new Abu Dhabi office supports CPB's footprint in the Middle East wealth management market.

For Citi, a world leader in wealth management with over $1.8 trillion in assets under management, Abu Dhabi is among its three offices serving the fast-growing Middle East wealth management market.

Citi Private Bank also has offices in Bahrain and Dubai serving these clients.

"Our expansion in Abu Dhabi is timely. There is much wealth creation in the Gulf region thanks to the robust, diversified economies as well as higher energy prices. Also, we are increasingly witnessing a growing appetite among the region's high net worth clientele for more sophisticated and innovative investment opportunities, locally and globally," said Deepak Sharma, CEO, Citi global wealth management.

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