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Romania’s affluent customers are now offered solutions for international portfolio diversification

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08 Jun, 2010 17:13 2324 Marime text

Citi International Personal Bank is now available in Citibank Romania's offer

New solutions extend to a complex offer of mutual funds, equities and bonds in 25 countries and FX management opportunities

Citibank Romania is now providing more global opportunities and professional investment advice to Romanian investors with the launch of a comprehensive package of investment products.

The newly launched offer, provides to Citibank Romania affluent clients the opportunity to diversify their wealth internationally, access global markets and a wide range of products, professional advice from a dedicated Relationship Manager and investments solutions tailored to their financial goals.

The investment products are designed for clients' looking to diversify and improve their portfolio performance, access mutual funds bearing different risk levels and investing in global instruments and financial markets.

Kumar Ramachandran, Consumer Head of Citibank Romania, said: "Our strategy at Citibank Romania is to continuously enhance our wealth management solutions to make it easy and convenient for our customers to build portfolios that best serve their short and long term financial goals. Through the investment funds distributed by Citibank Romania the investors now have access to some global markets, to which, in other conditions, they would only have access at very high costs or through financial instruments with a high risk level".

Citi International Personal Bank provides access to a diverse range of global investment products not available in the home country, such as buying and selling equities and bonds with International Brokerage service.

Romanian clients of Citi International Personal Bank with a wealth of USD100,000 or RON/EUR/GPB equivalent are able to receive investment advice in person from a locally based Relationship Manager, backed up by a team located in London.

Grant Carson, Business Manager of Citi International Personal Bank said, "With the growth in the mass affluent population in Central and Eastern Europe, we believe that many affluent clients in Romania are also looking for international wealth management solutions to complement their existing wealth management strategies. At Citi International Personal Bank our Relationship Managers are all investment qualified and help our clients to develop wealth management strategies that best fit their circumstances and financial needs. Whether they want to take an aggressive investment approach, or have a more cautious outlook we can use our range of products and expertise to help them."

Products and services available through Citi International Personal Bank are:

International brokerage services, including trading equities and bonds across 25 major markets and 38 exchanges.

Access to a wide range of global Mutual Funds across all sector and asset classes through partnerships with a wide range of the world's leading fund management companies

New Structured Notes launched regularly that take advantage of current market conditions and Citi's expert investment advice. This ensures that these Structured Notes are always competitive and provide customers with the opportunity to benefit in changing markets

Foreign exchange products and services, including Foreign Exchange Forwards and Dual Currency Placements, that have been created to give customers easy and quick access to the currency of their choice, and to enable them to manage fluctuations in exchange rates

Time deposits with competitive interest rates in 12 currencies

As well as other products such as Lending and wealth protection and structuring.

For further information on Citi investment products, eligibility criteria and costs or for other services, please visit the website of Citibank Romania: www.citibank.ro and www.ipb.citi.com

About Citi:

About Citi Romania

Citi has been present in Romania since 1996 and provides high-quality financial products and services to national and international companies, small and middle enterprises, the public sector, non-profit organizations and individuals.

About Citi International Personal Bank

Citibank International Plc is authorised and regulated by the Financial Services Authority (FSA) and has its registered office at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB. FSA reference number 122342. Citibank International Plc is licensed by the Office of Fair Trading with license number 0482552 to extend credit under the Consumer Credit Act 2006.

Citibank International plc notified National Bank of Romania on January 3rd, 2007 and was included accordingly on the List of foreign banks exercising the freedom to provide services within the territory of Romania on cross-border basis (without establishment of branches) according to Article 28 of Directive 2006/48/EC (former Article 21 of the Directive 2000/12/EC). Citibank International Plc, London is registered since August 29, 2007 in Romania National Securities Commission public registry, under number PJR01INCMGBR0038

About Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage and wealth management. Additional information may be found at www.citigroup.com or www.citi.com .

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