Alt Investments

Citi Reaches Out To Philippine Premier Art Market Via Partnership

Vanessa Doctor Asia Correspondent 17 September 2013

Citi Reaches Out To Philippine Premier Art Market Via Partnership

Citi has teamed up with a premier auction house in the Philippines to provide its Citigold clients access to professional advice on alternative investments, like art and jewelry.

In a series of exclusive briefings titled "Gold Conversations" in early September, Salcedo Auctions gave Citigold clients a preview of key Philippine art and jewelry pieces and held lectures that focus on these as opportunities to grow wealth. 

"Through this partnership, we reaffirm our commitment to respond to the sophisticated needs of our clientele, and enable them to make better informed investment decisions to attain their financial goals," said Anthony Thomas, retail bank director for Citi Philippines. 

Citigold is the bank's wealth management division that caters to the affluent market. According to the 2012 Wealth Report by Knight Frank and Citi Private Bank, the Philippines is forecast to deliver a 7.3 per cent growth in gross domestic product between 2010 and 2050, making it the sixth fastest growing economy in the world. 

 

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