Private Banks

Appointment of Co-Heads for Citi Global Wealth Asia Pacific

Fabio Fontainha and Steven Lo have been appointed Co-Heads for Citi Global Wealth in Asia Pacific. Citi Global Wealth is a new unit formed in January 2021 as a single wealth management organization that unifies wealth management teams in Global Consumer Banking and the Institutional Clients Group.

Citi Global Wealth is a single, integrated platform serving clients across the wealth continuum, from the affluent segment to ultra-high net worth clients.

With approximately USD300 billion in Assets under Management, Citi ranks as a top three wealth manager in Asia Pacific. The Asian wealth management sector stands out for its scale and growth prospects, driven by the emergence of a vast middle class and the rapid development of regional capital markets.

With Asia continuing to lead in wealth creation, Citi is focused on winning in wealth. The company opened the largest wealth hub globally for Citi in Singapore last year, and has announced plans to double AUM by 2025 in the market and triple number of clients in the same period.

With Fabio Fontainha and Steven Lo leading the Citi Global Wealth business in Asia Pacific, Citi is taking another important step in advancing it's regional and global wealth strategy.