Citibank has opened two satellite wealth advisory centres in Singapore, a move that the bank says reaffirms it commitment to the country as a key strategic location for its wealth business.

The new centre at One Holland Village was officially opened on Tuesday (February 27) by Andy Sieg, Citi’s global head of wealth, joining the Parkway Parade wealth centre which had started serving clients from December 18 last year.

First announced in October 2023, the two facilities allow the bank’s Citigold and Citigold Private Client customers to meet with their relationship managers closer  to their homes, while still having access to a team of product specialists and the main Citi Wealth Hub at 268 Orchard Road.

“Singapore continues to be a key and strategic location for Citi’s wealth business, as one of our four global wealth hubs. We remain upbeat about the industry’s future in this country, hence we continue to invest by establishing these two new wealth centres,” says Shyam Sambamurthy, Citi’s Asia South wealth head

Situated on the fourth floor of the new One Holland Village integrated development, the Citi Wealth Centre there has a size of 3,700 square feet and is about 80% larger than the previous branch in the area.

The Parkway Parade location features a panoramic view of the sea, and is on Level 22 with a floor area of 4,600 sq ft, expanding the bank’s presence there by more than 60%.

Both wealth centres feature private advisory rooms each with video conferencing capabilities, allowing clients to meet their relationship managers as well as speak with product specialists remotely. The centres also have space to host bespoke lifestyle events and investment seminars for up to 35-40 clients.

Photo: Client meeting room at One Holland Village, Citi's newly opened wealth centre.