Citibank has successfully completed its project to integrate its entire Hong Kong consumer banking businesses into its Hong Kong banking division.
With the incorporation, which began in April 2004 and was completed on July 1, 2005, Citibank Hong Kong now operates all of the bank’s consumer banking businesses in Hong Kong, including CitiGold Wealth Management, Citibanking, CitiFinancial and Credit Cards.
Atul Malik, country business manager, Citibank’s Global Consumer Group, said: This strategic move not only reaffirms Citibank’s long-term commitment to Hong Kong, our customers, employees and business partners, but also reflects our confidence in one of the world’s leading and best-regulated banking and financial markets, where we have already established our presence for 103 years.
Operating as a local bank positions us even more strongly for future opportunities. This will also enable us to compete more effectively while continuing to provide the highest quality service levels to our customers, Malik added.