Tag - Korea Citibank

Citibank introduces new concept of wealth management in Korea

Citibank Korea will challenge the current adverse conditions in the banking industry with a new business model for wealth management instead of seeking quantitative growth, said CEO Park Jin-hei on Thursday. Despite falling profits this year, Park has decided to focus on materializing a new concept of wealth management and “smarter mobile banking” for Korean consumers, and has come up with a noticeable outcome — opening of the country’s largest wealth management center in Cheongdam in the affluent southern area [...]