Citigroup’s wealth management division in the UAE has set out ambitious plans for the next few years.
It has created a strategy that would see the operation triple its assets under management (AUM) to reach $15bn (£11bn, €12bn) in the next five years.
The plan also includes hiring more client-relationship managers and a fourfold increase in the number of affluent clients in the country, according to newswire Bloomberg.
The overall growth will be supported by a greater physical and digital investment offering, which will seek to provide wider access to institutional products and content to retail clients.
