Strategy
Citibank In Malaysia Looks For Strong Wealth Management Growth

Citibank is confident of achieving strong growth in Malaysia with the launch of its Citigold Global Banking service for local clients with cross-border needs, according to Timothy Johnson, the US bank's head of retail segment and marketing.
"The service is expected to see a double-digit growth in customer
base in the next 12 months and we expect to beat the industry's
expected growth rate of seven per cent this year," he told a
press briefing.
Country business head for consumer banking Michellina Triwardhany
said Malaysian clients were now more affluent. "I think the
creation of wealth is an on-going process. What we saw in the
last five years from 2001-2005 was double-digit growth throughout
Asia, including Malaysia, in terms of the creation of wealth,"
she said.
"The current financial situation is part of the normal economic
cycle and we expect wealth preservation as well as wealth
creation to become a very key component for our Malaysian and
general customers," Mr Johnson said.