New Products
Citibank Expands Range of Fund Managers

Citibank International Personal Bank has added Goldman Sachs Asset Management and Credit Suisse to the range of fund managers with which its clients can invest. Customers can now invest in the Credit Suisse Russia Explorer, Future Energy and Global Prestige funds, while Goldman Sachs provides access to a wide selection of active equity, quantitative equity, fixed income and currency funds. The Citibank service, based in London and Jersey, aims to attract offshore and UK expatriate investors with at least $50,000 to invest in London, or $25,000 to domicile in Jersey. Grant Carson, head of Citibank International Personal Bank, 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.” Citibank IPB now provides access to 10 fund managers. The others are ABN Amro Asset Management, BlackRock Merrill Lynch Investment Managers, Schroders, JPMorgan Asset Management, Fidelity International, Franklin Templeton Investments, Invesco and Legg Mason.