Citibank Expands HNW Fund Selection Service

Ian Allison

6 July 2006

Citibank has enhanced its Investment Advisory Service which aims to select and recommend the best performing funds for the high net worth market. Citibank, which does not have any in-house funds, will choose from a range of fund managers including, New Star Asset Management, Invesco Perpetual, Fidelity Investments, Schroder Investment Management, and JP Morgan Asset Management. As part of the new service, the bank will provide free financial health checks and help build model investment portfolios. Ann Roughead, director of wealth management and banking, Citibank, said: "Our proposition has been based on Citibank's experience in the high net worth market - we have been selecting funds in other markets for over 20 years."