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Press release
June 24, 2021
2 mins

Citi Private Bank collects two accolades at PWM Wealth Tech Awards

June 24, 2021
2 mins
SUMMARY

Citi Private Bank has received two major innovation focused awards at the Professional Wealth Management (PWM) Wealth Tech Awards 2021 at a virtual ceremony on 24th June.


Citi was named Best Private Bank for Big Data Analytics and Artificial Intelligence (AI), Global for the third year in a row. Philip Watson, Head of Global Investment Lab and Chief Innovation Officer, Citi Private Banking was also named Best Digital Leader, the only individual category at the Awards, which is given to the leading industry figure in technology and innovation in wealth management.

Luigi Pigorini, Region Head Citi Private Bank, EMEA, said: Our continued success in these leading wealth technology awards is wonderful recognition for the focus we place on technology and innovation in Citi Private Bank.

We have placed a relentless focus on better preparing our clients and our business for the future. Innovation supports our digital vision to empower clients with a digital platform to interact seamlessly with their teams, products and services to manage their financial wellbeing - wherever they are in the world.

Philip Watson, Head of Global Investment Lab and Chief Innovation Officer, Citi Private Banking, said: I’m extremely grateful to PWM and the judging panel for naming me Best Digital Leader. It is a tremendous honour to be selected given the strength of talent within the industry.

I view this individual accolade as very much a win for our team and one to which all of our innovation focused colleagues and Global Investment Lab have contributed. Just as pleasing is our hat-trick of wins in the Big Data Analytics and Artificial Intelligence category over the years, which remains a real focus for Citi.

Now in their fourth year, the PWM Wealth Tech Awards recognise the prominent role of technology in private banking and are firmly established as the world's pre-eminent wealth technology awards. 

The Awards highlight how technology is transforming their business models and contribute to driving growth, supporting advisers, enhancing brand and improving client experience.  Awards are judged by a panel composed of leading industry professionals based on qualitative and quantitative information from private banking groups.

About Citi Private Bank:

Citi Private Bank is dedicated to serving worldly and wealthy individuals and families, providing customized private banking across borders. With around $550 billion in total client business, the franchise serves clients across 50 cities in over 100 countries. Citi Private Bank helps clients grow and preserve wealth, finance assets, make cash work harder, safeguard assets, preserve legacies, and serve family and family business needs. The firm offers clients products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance, banking and aircraft finance, art advisory and finance, and sports finance.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn:www.linkedin.com/company/citi

The methodology for each survey provided has not been validated or verified by Citi Private Bank or Citigroup, Inc. Please contact the provider of the relevant survey for information regarding the underlying criteria and factors utilized in compiling the data. For more information regarding the date that an award was received, please contact the provider of the relevant survey. 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.