Citigroup's Asia Q1 wealth revenue jumps 20% amid new clients, investment gains

Citigroup's Asia Q1 wealth revenue jumps 20% amid new clients, investment gains

FILE PHOTO: The logo of Citi bank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha

Citigroup’s Asia wealth revenue surged 20% in the first quarter of 2023, backed by investment gains, insurance revenue and a jump in new private banking clients, according to a company spokesperson.