Under the Radar: (SPECIALS) How is Citibank Singapore tapping growing wealth creation in Asia? Its CEO sheds light on the matter.

Money Matters with Hongbin Jeong and Chua Tian Tian

Content provided by SPH Radio and MONEY FM 89.3. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SPH Radio and MONEY FM 89.3 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

1M ago 29:44

MP3•Episode home

It’s all about the banking and wealth management landscape today as we speak to a Wall Street giant that's said to have not slept since the 1800s.

Yes – we are talking about Citibank. After all, its slogan is that Citi never sleeps.

Founded in 1812, Citi’s activities range from safeguarding assets, lending money, making payments and accessing the capital markets on behalf of its clients. The aim is to become a trusted partner for clients by responsibly providing financial services that enable growth and economic progress.

And Citi set foot in Singapore over a century ago in 1902, and has grown to a full-service bank that provides consumers, corporations, governments and institutions in Singapore a broad range of financial products and services.

Today, the Lion City is a significant hub and gateway to Asia and ASEAN, with the country housing a number of its regional and global client coverage and product units.

And the role of Singapore as a market to Citibank continues to evolve. In October 2024, the US bank shut its last regular branch in Singapore to focus on serving customers online, and advising affluent clients at its wealth hubs.

The firm said the decision comes amid higher adoption of digital, online and self-service platforms. It also comes as the firm aims to capture growing wealth created in Asia.

To this end, the firm said in April 2025 that Citi Wealth anticipates that US$100 trillion of wealth will be created over the next decade, with Asia seeing the fastest pace of growth. The company added that wealth hubs catering mainly to Citigold clients with assets of at least S$250,000 have been set up in Singapore for this reason.

But what should we know about the growth of wealth in Asia? And how will Citibank Singapore position itself to get a slice of the pie?

And how does Citibank intend to navigate choppy waters in the near term given ongoing uncertainties surrounding global trade, tariff wars and interest rate outlook?

On Under the Radar Specials, Money Matters’ finance presenter Chua Tian Tian posed these questions to Yeo Wenxian, Head of Wealth for Asia South and CEO, Citibank Singapore.

See omnystudio.com/listener for privacy information.

4920 episodes

#Trading #Business News #Business #[email protected] #MONEY FM 89.3 #News #Straits Times