Investing
Citigroup’s board to meet in Singapore for the first time since 2011
© Reuters. FILE PHOTO: A Citi sign is seen at the Citigroup stall on the floor of the New York Stock Exchange, October 16, 2012. CREUTERS/Brendan McDermid//File Photo
SINGAPORE (Reuters) – Citigroup Inc (NYSE:) said on Thursday that its board of directors will meet in Singapore for the first time since 2011 as a show of commitment to the city state.
The meeting will be held next week, and Citi’s board and executive management team will meet with clients, staff and regulators during their visit to the Asian financial hub, the bank said in a statement.
“The selection of Singapore for this year’s board meeting signals Citi’s intent to invest and grow our business here for years to come,” said Tibor Pandi, Singapore Citi country officer.
Singapore has been one of Citi’s largest markets globally and is home to one of the bank’s four wealth hubs, with staff amounting to some 8,500 in the city-state.
The meeting comes at a time where Singapore has been experiencing a sharp jump in wealth inflows from China, Hong Kong and elsewhere, drawn by its relative political stability, low taxes, and policies favourable for setting up funds.
Read the full article here
-
Side Hustles6 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Investing6 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles7 days ago
How to Be Unapologetically You and Why It Matters
-
Side Hustles7 days ago
With AI Magicx, It’s Like Getting an Entire Creative Team in One Money-Saving AI Tool
-
Investing4 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Side Hustles6 days ago
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Passive Income7 days ago
How AI-Driven Personalization Is Transforming the Retail Industry
-
Investing6 days ago
BCA says investors should fade the real estate rally By Investing.com