Increasing wealth in Asia has lifted the fortunes of Citi Private Bank's fledgling North America Asian Clients Group. Since the group was formed in September of 2011, it has increased its client base by 10% and its assets under management by over 40%, says the group's managing director and leader Ida Liu.
The group has also recruited "top industry talent" over the last 12 months in New York, San Francisco and Los Angeles to "capture additional market share from one of the world's fastest growing ultra-high-net-worth segments," the bank said in a press release.
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