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Citi Targets Offshore Market With New Fund Range

Citibank International Personal Bank is expanding the range of fund managers available to offshore investors and UK expatriates as part of its London and Jersey based international banking and investment services. Credit Suisse and Goldman Sachs Asset Management have been added to the list of fund managers from which clients can choose funds. Credit Suisse has the Russia Explorer, Future Energy and Global Prestige (luxury goods) funds and Goldman Sachs Asset Management offers a selection of Active Equity, Quantitative Equity, Fixed Income and Currency Funds. The bank’s investment offering now includes funds from a total of ten managers, covering all major asset classes: the new two plus ABN Amro, BlackRock Merrill Lynch, Schroders, JP Morgan Asset Management, Fidelity International, Franklin Templeton, Invesco and Legg Mason. Grant Carson, head of CIPB, EMEA, said: “We are specifically targeting offshore investors who are attracted to the stability and sophistication of the London savings and investment market and UK expatriates and non-domiciled UK residents wanting to manage their tax planning through Jersey.”