In a first for Citi, the bank has launched a region-wide next generation wealth management programme targeted at young adults from its Citigold Private Client business in Asia and the Europe, Middle East and Africa (EMEA) region.
The inaugural Young Successor Program was held in Singapore in mid-June and then in London in late-July with a total attendance of over 80 young adults from 11 markets – across China, Hong Kong, India, Korea, Poland, Russia, Singapore, Indonesia, Taiwan, UAE and the UK.
The programme was conceptualised by Citi in partnership with The Wharton School at the University of Pennsylvania to provide an understanding of financial decision-making, leadership and negotiation skills, innovation and entrepreneurship.
The aim is to help these individuals learn about wealth and financial management elements as they become increasingly involved in the handling of their family’s wealth and succession planning, said Gonzalo Luchetti, head of retail banking for Citi in Asia Pacific and EMEA.
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