Citibank 2005 Annual Report Download - page 21

“ Holistic private banking with an investment banking touch is
what I look for in a wealth management provider. One’s personal
wealth is inextricably linked to his business interests. Citigroup
understands this well.”
We introduced Whole Net Worth,
our asset-allocation framework that
incorporates all asset classes—including
alternative assets such as hedge funds,
private equity, and real estate—to many
clients in the United States in 2005.
The model was enhanced over the
course of the year to make it more
useful to clients around the world.
We’ve also made a signifi cant invest-
ment in fostering intellectual leadership
among our people by expanding our
professional development and accredita-
tion programs in all our businesses.
EXPANDING OUR REACH,
DEEPENING OUR RELATIONSHIPS
In addition to further developing these
initiatives, we will step up our focus on
non-U.S. markets in 2006. In particular,
we will expand Citigroup Wealth
Advisors (Smith Barney’s operations
outside the United States), and develop
the Citigroup Private Bank’s onshore
presence in three key countries: India,
Brazil, and the United Kingdom.
As we build on this expanded global
coverage, we will continue bringing
Citigroup’s unmatched capabilities,
insight, and access to bear on behalf
of our clients. By pairing our open-
architecture, advocacy-driven client
relationship model with the world-
class intellectual capital residing in
CIR—and elsewhere within Global
Wealth Management—we believe we’re
in a unique position to forge deep and
lasting relationships with clients of all
wealth levels and become the wealth
management fi rm of choice worldwide.
19 | Citigroup 2005
RAYMOND SOONG, CHAIRMAN, LITE-ON GROUP, ASIA
.Corporations...Governments...Foundations...High-Net-Worth Individuals