RIYADH, 12 February 2004 — Saudi Arabia, as the largest economy in the Middle East, naturally presents the biggest opportunity for Citigroup Private Bank (CPB), according to the CPB head for Saudi Arabia and Levant, Muwaffak Bibi.
“Saudi clients are increasingly sophisticated in their wealth and management approach. They look for opportunities locally and globally with optimal diversification for capital preservation and appreciation,” Bibi said during a seminar hosted by CPB in Riyadh recently. CPB is one of the world’s largest private banks and supplies personalized wealth management services for clients in 125 offices in 89 cities in 33 countries. It also offers unmatched global reach, coupled with a full range of portfolio management and investment advisory services from Citigroup Asset Management, an array of structured lending and banking services as well as expertise from the Global Corporate and Investment Bank.