Citigrou high pressure globe valve p remains committed to China private banking business
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Citigroup remains committed to China private banking businessPublished: 15 Jan 2009 02:15:47 PST

Jan. 14, 2009 (China Knowledge) - Citibank China said it would remain committed to the private banking business in mainland China, the Shanghai Securities News reported.

The remarks were made after an earlier media report that the company would close the private banking unit in China, which was established three year ago, and its staff in the unit would be transferred to other sectors, such as consumer banking.

Citibank China said the unit closure report was untrue and told the newspaper it would continue to provide quality services to its clients in the country and expand its business in wealth management.

Currently, Citibank's private banking unit has around 30 wealth management consultants in Beijing and Shanghai, according to an industry insider.

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