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Asia remains the heartbeat driving Citi's growth
Asia-Pacific CEO says region vital as it focuses on institutional banking, wealth management
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Citi's decision to move out of its consumer business in 13 markets and focus on growing its institutional and wealth management franchise is a strategic pivot to allocate resources to businesses where it can provide the most value, said its Asia-Pacific chief executive Peter Babej.
Hong Kong-based Mr Babej told The Straits Times during a visit to Singapore last week that Asia remains front and centre of its global strategy.
