Citi has been in Singapore since 1902 and is represented in nearly every asset class. Citi Singapore is the largest foreign banking employer in Singapore, and it is home to strategically important hubs, Innovation Labs and the Asia Pacific Citi Service Center (CSC).
We have businesses with client-focused capabilities, such as the Global Subsidiaries Group (Asia), Citi Private Bank (Global), and International Personal Bank (Global); product focused innovation hubs, such as Global Consumer Bank, the ASEAN Investment Banking Hub, Markets Hub, and the Treasury and Trade Services (TTS) Hub; Innovation Labs, such as the Citi Innovation Lab (TTS) and the Consumer Innovation Lab; and the Asia Pacific Citi Service Centre (CSC) at Changi Business Park.
Citi's Institutional Clients Group (ICG) provides the most comprehensive suite of financial services, products and financing solutions to small and medium-sized enterprises, top local and multinational corporations, financial institutions, governments and institutional investors. The ICG businesses include global markets and securities services, treasury and trade solutions, investment research and analysis, as well as corporate and investment banking. The Citi Private Bank (CPB) is also part of ICG, providing high-net-worth clients and their families with access to a unique platform of products and solutions, including investment strategies to personal financial and business needs ranging from bond issuance, M&A transactions and IPOs among other solutions.
Citi’s Global Consumer Banking (GCB) business in Singapore was incorporated in 2003, and the business was granted a Qualifying Full Bank (QFB) license from the Monetary Authority of Singapore (MAS) in 2005 and transferred to Citibank Singapore Limited, a locally-incorporated and wholly-owned subsidiary of Citigroup. Citibank Singapore is built around three key business lines: (1) wealth management products and services, including investments, insurance, deposits and treasury products; (2) unsecured products such as credit cards and personal line of credit, and (3) secured products covering housing loans and share financing.
With support from the Citi Foundation, Citi Singapore has served as a strong advocate of financial inclusion and youth development with a commitment of more than S$17 million since 2002. As part of Citi’s global Pathways to Progress initiative to enhance youth employability around the world, Citi Singapore partners with key youth agencies in Singapore on: (1) Citi-YMCA Youth for Causes (2) Citi-TOUCH Youth ASPIRE Program and (3) Citi-South East Build Your Tomorrow.
In 2018, Citi pledged to support Singapore’s Year of Climate Action designated by the Ministry of the Environment and Water Resources. The organization’s pledge included the commitment to maintain 100 percent LEED certification for all office buildings, energy efficiency measures and 2018 environmental footprint goals of 5 percent reduction in energy use, 2 percent reduction in water use and 2 percent reduction in waste generation, from 2017.
Citi Singapore was also awarded the Best Bank for Corporate Social Responsibility (CSR) in Singapore by Asiamoney for 2017.
2017: Launched Citi Bot in Singapore – the first Facebook Messenger banking chatbot for Citi globally
2016: Launched Voice Biometrics and Global API Developer Portal
2015: Identified by the MAS as a designated Domestic Systemically Important Bank (D-SIBs)
2013: Launched CitiDirect Banking Evolution (BESM)
2011: Established two innovation labs in Singapore
2010: Approved as Bank Clearing Member by SGX
2005: Citibank Singapore Limited (CSL) operates under a full banking license
1999: Citibank N.A. Singapore Branch obtains a QFB license from MAS.
1983: Citi starts its International Personal Bank (IPB) business in Singapore
1982: Citi starts its Consumer Bank business in Singapore
1976: Citi starts its Private Banking business in Singapore
1902: The International Banking Corporation opens its first premises at Prince Street