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Press release

The Private Bank wins an accolade at the Private Asset Managers Awards 2021

June 9, 2021

2 mins

SUMMARY

Citi Private Bank was recognized as the best advice and solutions provider to ultra-high net worth clients at a recent industry awards ceremony.

Citi Private Bank has been named winner in the Total Wealth Solutions Provider – Ultra-High Net Worth category at the 2021 Private Asset Managers (PAM) Awards. The PAM Awards are organized by PAM Insight, an independent provider of specialist news, analysis and comparative data for the world of wealth management.

The Total Wealth Solutions Provider award, presented on 9 June 2021 at a virtual gathering, recognized the Private Bank as the provider of the best advice and solutions to ultra-high net worth clients that seek to preserve and enhance their total wealth.

The judges of the award considered a broad range of issues related to the management of assets, including the development of client asset allocation, the role of family offices, advisors and trustees, financial planning, next generation matters, and our ability to act as lead advisor.

We’re absolutely delighted to accept this award, said Jeremy Knowland, Regional Head of Citi Private Bank for the UK, Ireland and Jersey. It is a terrific recognition of the team’s tireless dedication to our clients’ sophisticated needs in so many different areas during a challenging year for clients and colleagues alike. A huge thank you to the entire UK team for your tireless efforts for our clients that made this award possible!

The selection criteria for this award considers how institutions help clients develop an asset allocation strategy · help clients acquire the underlying investments to cover publicly quoted investments, private equity and private market opportunities, real estate centric investments, alternative investments, hedge funds, emerging asset classes e.g. crypto currency, art and cash etc. within the agreed risk and return parameters · provide performance measurement services and ongoing monitoring. · the provision of lending and credit solutions and foreign exchange and treasury services; · the role of residential property generally and in particular, its effect on the overall asset allocation; · structures to hold the family wealth; · the role of the family office; · the role of the advisors and trustees; · all aspects of financial planning (pensions, income and spending requirements, testamentary arrangements, taxation); · next generation issues, encompassing understanding the younger generation’s perspective on wealth and the challenges that lie ahead; · the role that philanthropy will play in the family’s plans and how this will be developed in future · advice on family governance and communication, including family council; and · the ability to act as the lead adviser to liaise and coordinate the overall advice on the above. Three other organizations were finalists in this award. While a fee was paid to attend the awards dinner, there was no payment or extra fee required to win this award. The receipt of an award with respect to a product or service may not be representative of the actual experience of any client and is not a guarantee of future performance or success. The information presented on this page does not constitute an offer of investment advisory services.