Salomon-Smith-Barney Private Client Services (SSB PCS), part of Citigroup's Europe, Middle East and Africa (EMEA) Wealth Management Division, cut the ribbon on its new regional office in Dubai this week.
Located on the fifth floor of Citigroup's recently opened Al-Wasl Tower headquarters, adjacent to Wafi Center shopping mall, SSB PCS's regional office is headed by Vinay Kapoor. The new office will serve customers across the Gulf Cooperation Council (GCC) and the subcontinent.
SSB PCS in Dubai aims to raise the service benchmark for affluent investors in the region with world-class market research, investment products, financial structures and wealth management advice, according to a company press release.
“SSB PCS has a lot to offer the Middle East investor, not least the peace of mind that comes with dealing with one of the world's leading names in wealth management advice and overall investment advisory services,” said Citigroup's Christopher Preston. “SSB PCS is dedicated to improving customer service and choice, a strategy we believe will lend us a genuine competitive edge in the Middle East market.”
Citigroup is an international financial services firm with a market capitalization of $250 billion and a double A rating from the financial information and ratings service Standard & Poor’s. Reported earnings for 2001 were $14.6 billion, an increase of three percent on the previous year.
Citigroup is a world leader in wealth management with SSB PCS and Citigroup Private Bank together managing client assets worth more than one trillion dollars. The European Wealth Management Division also has offices in London and Amsterdam. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
