Citigroup to shell out over A$3m for bad advice
Structured products resulted in losses for 114 retail customers – with over 1,000 still trapped
Citi
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Citi rolls out wealth management hub in Abu Dhabi
Financial advisers could have to work harder to compete for business
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Financial advisers second best for six million Australians
Survey found friends and family were the best sounding board for financial advice and investments
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Citi hires from DBS for India wealth push
The firm is aiming to bolster its Indian wealth management business with a number of appointments
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Shanghai-London stock link to launch next week
The programme would allow investors to buy stocks indirectly through depositary receipts
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PEOPLE MOVES: Citi, Guardian Wealth, Brewin Dolphin
Citi Private Bank has named two heads of investment for Asia Pacific, with GWM Investment Management adding a senior wealth manager in London. Brewin Dolphin’s Jersey office has a new head.
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Citigroup fined for overcharging 60,000 clients for advice
Citigroup Global Markets has agreed to pay $18.3m (£14.5m, €17.1m) to settle charges in the US that it overcharged around 60,000 clients £18m for advice and misplaced contracts over a 15-year period.
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Ex-Citibank HK banker penalised for copy-and-paste signature
A former Citibank senior personal banker in Hong Kong has been penalised for copying and pasting a client’s signature into a document to deceive the bank into accepting the signature as genuine.
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Finance, energy and health sectors in focus for 2017 – Citi
Sector investing may come back in 2017 and an EM `stability premium’ could develop as the grand economic ideas of the new US administration are put into practice. says Roger Bacon, Citi Private Bank’s Asia-Pacific head of managed investment.
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Is 50/50 the right management fee split?
Asset managers and distributors in Asia used to split the annual management charge, but over the last couple years the distribution side has been getting more than half. What is a fair split?
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ANALYSIS: Will US banking giants shake up the market?
When a name like Goldman Sachs enters the retail space with its asset management arm, and actively courts financial advisers as one of its distribution channels, the industry should sit up and notice.
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Citigroup to make major push into adviser market
US banking giant Citigroup is to begin a push into the financial adviser market place, both in the UK and internationally, by initially offering two UCITS IV compliant funds.