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Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.

Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.

Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.

仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。

Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.

Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.

Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.

仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。

we-stand-with-you-brightening-skies

Perspectives

We stand with you: Brightening skies

Peter Clive Charrington

By Peter Clive Charrington

Global Head, Citi Private Bank

May 22, 2020Posted InCiti and Investment Strategy

Around the world, important progress in the face of COVID-19 continues to be made. In the ten most affected nations, the average number of new cases is trending downwards. This is enabling the first tentative steps towards normalization. Among those that have eased restrictions in recent days are India, Indonesia, Switzerland and various other European nations, as well as all 50 states of the US. While there is still far to go, we should take encouragement from the brightening skies.

Of course, we must accept the risk – and indeed the likelihood – of suffering setbacks along the way. Our responsibility is thus to ensure that we are prepared for them, both practically and psychologically. As well as near-term reversals, we must be ready for longer-term challenges that may follow the pandemic. We were fortunate to hear some excellent analysis of potential geopolitical developments on this week’s client call with former Danish Prime Minister and ex-Secretary General of NATO Anders Fogh Rasmussen. A further populist upsurge, a greater emphasis on national sovereignty, and perhaps a more managed style of capitalism are among the phenomena we might expect over the coming years. His commentary on what this could mean for institutions like the European Union and NATO – as well as for the global economy – is well worth hearing.

Despite the current moves to reopen economies, many investors remain skeptical. By some measures, they are as bearish as they have ever been, and have become more so as the markets have risen since March. However, David Bailin and Steven Wieting believe that the strength of the coming rebound in growth may take such investors by surprise. And while many broad market indices have already appreciated sharply, David and Steven see many assets worldwide that are still beaten down and offering value, as they set out in their latest report The Inevitable Rise.

I would like to leave you with another of our short Global Citizen films. Thanks to their ingenious approach to problem-solving, the Faizal family was able to rebuild an entire school in their native India within three months. Having transformed the lives of the school’s pupils, the family are now using their innovative construction technology to address the pressing need for housing across the world’s second most populous nation. Their philanthropy and entrepreneurship are the embodiment of global citizenship. As Shabana Faizal so succinctly puts it, “whatever we do, we believe we should have a positive impact on the people around us.” Amid today’s humanitarian crisis of COVID-19, such values resonate even more powerfully.