News

Citi International Personal Bank: New Service from Citibank offers Czech customers solutions for international portfolio diversification.

Citi’s global wealth management expertise and broad range of products to allow Czech customers to gain access to wider investment opportunities

With the launch of Citi International Personal Bank, Citibank is now providing more global opportunities and professional investment advice to Czech investors with the launch of a comprehensive package of investment products to meet their demands for greater diversification of their investments, including access to international markets and products. Clients will receive investment advice from their local Citi Relationship Manager, who will work closely with the offshore Citi International Personal Bank team to develop a robust investment strategy for the client.

Citi International Personal Bank provides access to a diverse range of global investment products not available locally, such as buying and selling equities and bonds with the International Brokerage service. Czech clients who are looking to invest atleast US$ 100,000 (or CZK/EUR/GBP equivalent) are able to receive investment advice from a team located in London in coordination with a locally based Relationship Manager."

“Our strategy at Citibank Czech Republic is to continuously enhance our wealth management solutions to make it easy and convenient for our customers to develop portfolios that best serve their short and long term financial goals. This new service available to Czech customers through Citi International Personal Bank is a unique opportunity for them to further diversify their portfolios by accessing international investment opportunities. We are also continuing to improve our exclusive Citigold program for our affluent customers, to continuously offer them first class benefits and services, to which our customers are accustomed to,” said Shahmir Khaliq, General Manager for Czech Republic.

Grant Carson, Business Manager of Citi International Personal Bank said, “As the mass affluent population grows in Central and Eastern Europe, Czech clients are becoming more sophisticated and financially savvy, with a growing number of our clients requiring international investment diversification strategies. At Citi International Personal Bank, our certified Relationship Managers help our clients 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 include:

• International Brokerage Service, offering equities and bonds trading in 25 major markets, with an online trading facility. 
• Access to over 200 global Mutual Funds across all sectors and asset classes through partnerships with a wide range of the world’s leading fund management companies. 
• Structured Notes that take advantage of current market conditions and Citi's expert investment advice, providing customers with the opportunity to benefit from market changes 
• Foreign exchange products and services, including Foreign Exchange Forwards and Dual Currency Placements, that allow customers easy and quick access to the currency of their choice and enable them to manage foreign exchange volatility 
• Time Deposits with competitive interest rates in 12 currencies. 
• Lending solutions that allow easy access to financing for personal needs 
• and Wealth structuring solutions that allow clients to gain control and privacy over their family wealth for future generations 

Czech residents interested in Citi’s International Personal Banking services can visit their local Citibank branch to discuss different options and open an account with a Relationship Manager.



Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through 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.

Citibank
Depending on the context, the term Citibank shall mean in this material IPB (as defined below) and/or Citibank Europe plc, conducting its business in the Czech Republic through Citibank Europe plc, organizační složka, registered seat at Bucharova 2641/14, 158 02 Prague 5, Reg. No. 28198131, registered in the Commercial Register with the Municipal Court in Prague, Section A, Insert 59288.

Citi International Personal Bank (IPB)
Citibank International plc is authorized and regulated by the Financial Services Authority (FSA) and has its registered office at Citigroup Centre, Canada Square, Canar.y 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 is providing its banking and investment services in Czech Republic on a cross border basis, registered with the Czech National Bank . © 2010. Citibank and Arc Design are service marks of Citigroup. Citibank, Citibank Online and Citi International Personal Bank (Citi) are registered service marks of Citigroup. Citi is a business division of Citibank N.A. Calls may be monitored or recorded for training and service quality purposes.


Contact for media:
Branislav Cehlárik
Public Affairs Officer for Czech and Slovak Republics
Bucharova 2641/14, 158 02 Praha 5, Czech Republic
Mob.: + 420 775 864 444; + 421 905 894 845
Tel.: + 420 233 061 661; + 421 2 58230 472
branislav.cehlarik@citi.com