Citibank is expanding its London and Jersey based international banking and investment services for UK expatriates and offshore investors with a new advisory service to help them manage their tax and inheritance and estate planning.
The bank is aiming the service at offshore investors who are attracted to the stability and sophistication of the London savings and investment market, and UK expatriates and non-domiciled UK residents wanting to manage their tax planning through Jersey. To support its expansion plans the offshore bank recently adopted the Citibank International Personal Bank name and has re-launched its website.
Citibank International Personal Bank in EMEA (Europe, Middle East and Africa) provides offshore clients with a personalised banking and investment service to help them manage and grow their wealth from its offices in London and Jersey. Globally, Citibank International Personal Bank offers client service from 14 centres in the Americas, Asia Pacific and Europe, has over 170,000 clients and has nearly US$28 billion of client assets under management.
Citibank International Personal Bank’s relationship managers offer a free financial health check to help clients assess their broader financial needs, and wealth planning, savings and investment services to help clients build tailored portfolios.
New clients and existing clients with new to bank balances will be entitled to a free one-hour, no obligation, tax, estate and inheritance planning health check with a third party tax specialist from leading professional services firms, arranged through a Citibank International Personal Bank relationship manager. Following the self-assessment by clients and the free consultation, the tax specialist may propose strategies for tax saving and wealth maintenance for clients for consideration, and, if retained by the client, assist in the implementation of those strategies.
“International banking, estate, tax and inheritance planning can be a daunting task, which we can now help make easier by the availability of this new tax advisory service,” says Jean-Louis Guisset, Head Citibank International Personal Bank, EMEA. “Our team understands the international banking and investment market and our new name emphasises the global scale and expertise of Citibank International Personal Bank that is available to clients now and over the long haul.”
Citibank’s range of banking services include multi currency bank accounts, savings and time deposit accounts in a choice of 12 major currencies, and 24/7 internet banking to make it easy for clients to access their money wherever they are in the world, as well as investment services.
Citibank International Personal Bank clients typically have a minimum of US$50,000 or currency equivalent to invest in London, or US$25,000 to domicile in Jersey.