February 29, 2012
Citi Private Bank in Hungary was top rated for its range of investment products in Euromoney magazine's 2012 Private Banking and Wealth Management Survey. In addition to this honor, Citibank Hungary's Wealth Management Team was also recognized by winning #1 ranking in the following categories: Foreign Exchange, Structured Products, Managed Futures, Luxury Investment (non-art) and Offshore Services.
Batara Sianturi, Citi Country Officer for Citibank Hungary said, "Leveraging on Citi's history of 200 years, its unmatched global footprint and expertise the core of our wealth management strategy is to bring our high net-worth customers in Hungary the widest range of world-class investment products that create the highest value to them. The top wins we received in Euromoney's 2012 Private Banking and Wealth Management Survey in six categories recognize the breadth and quality of our impressive Citi products and the products of our global partners with a number of instruments available in Hungary exclusively at Citibank."
Jon Wiggins, Consumer Business Manager for Hungary also remarked, "In serving our customers with excellence as a trusted partner, we are combining the knowledge and experience of our highly skilled personal bankers with our revolutionary technology-based CitiPlanner Wealth Management tool to ensure we build up and manage investment portfolios that best meet our customers' needs and goals. We appreciate these accolades in Euromoney's 2012 survey even more as these acknowledgements came from our peers."
Background on the award
uromoney's annual private banking survey is the definite guide to global wealth management industry. First published in 2004, it provides an unrivalled insight into which banks are best for both advice and portfolio management across a vast range of asset classes and investment styles.
The annual Euromoney Private Banking and Wealth Management Survey provides a qualitative and quantitative review of the best services in private banking, by region and by areas of service. It is an informative guide for high net-worth individuals on the range of professional wealth management service providers that are available. Factors such as assets under management, profitability, ratio of clients to relationship managers, and services offered, among other things, are all considered in developing the ranking of top private banks.
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