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Citibank, N.A. Hong Kong / Singapore Branch Environmental Risk Management Disclosure for Discretionary Asset Management

The following disclosure relates to Citibank, N.A., Hong Kong / Singapore Branch's discretionary asset management business only and does not apply to any other branches of Citibank, N.A.. nor to any other businesses operating through the Hong Kong / Singapore Branch of Citibank, N.A..

Citibank, N.A., Hong Kong / Singapore Branch’s discretionary asset management business is subject to relevant regulatory requirements. This business provides discretionary portfolio management services and offers a range of core, opportunistic and thematic strategies across asset classes  in- house and extensively vetted third-party strategies.

Citibank, N.A., Hong Kong / Singapore Branch’s discretionary asset management business integrates environmental risks (where data is relevant and/or available) in its investment management process by:

  • considering a number of factors such as environmental, social and governance (‘ESG’) risk ratings, physical climate risks and transition risks at the research and portfolio construction stage; and
  • conducting scenario analysis based on available third-party climate change models that consider factors such as Climate Value at Risk (‘CVaR’) scores in portfolio risk management.

Climate-related risk is one of a number of risks that this business may consider and such risk forms part of its overall risk management process. However, climate-related risk is not an overriding risk indicator when Citibank, N.A., Hong Kong / Singapore Branch’s discretionary asset management business researches, constructs and manages its portfolios. Citibank, N.A., Hong Kong / Singapore Branch’s discretionary asset management business does not apply any absolute risk thresholds to determine materiality or applicability of climate risks to an investment or managed portfolio.  

Citi Private Bank is dedicated to helping dynamic individuals and their families preserve and grow their wealth. Our clients include some of the world’s leading entrepreneurs, executives, investors and their family offices. We provide customized private banking that crosses borders, including some sophisticated services usually reserved for major global institutions.

INVESTMENT PRODUCTS: NOT FDIC INSURED. NOT CDIC INSURED. NOT GOVERNMENT INSURED. NO BANK GUARANTEE. MAY LOSE VALUE.

Citi Private Bank is a business of Citigroup Inc. ("Citigroup"), which provides its clients access to a broad array of products and services available through bank and non-bank affiliates of Citigroup. Not all products and services are provided by all affiliates or are available at all locations. In the U.S., investment products and services are provided by Citigroup Global Markets Inc. "CGMI"), member FINRA and SIPC, and Citi Private Alternatives, LLC ("CPA"), member of FINRA and SIPC and Citi Global Alternatives, LLC (“CGA”). CGMI accounts are carried by Pershing LLC, member FINRA, NYSE, SIPC. CGMI, CPA, CGA and Citibank, N.A. are affiliated companies under the common control of Citigroup.

Outside the U.S., investment products and services are provided by other Citigroup affiliates. Investment Management services (including portfolio management) are available through CGMI, CGA, Citibank, N.A. and other affiliated advisory businesses. Neither Citigroup nor any of its affiliates provides tax or legal advice.

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To learn about CGMI and Citi Private Alternatives and Citi Global Alternatives investment business, as well as our relationship with you, please review our  Form Client Relationship Summary.

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