Citi Private Bank (CPB) has been named best private bank for investment performance (defensive portfolios) at this year’s Private Asset Managers (PAM) Awards, with judges highlighting the private bank’s “consistent and strong risk-adjusted investment returns for defensive investment mandates over the last 3 years, net of fees”.
Luigi Pigorini, Regional Head, Citi Private Bank EMEA commented: “I am extremely proud of our start to 2017 and the efforts we are making on behalf of our clients. This award highlights that these efforts are being recognised throughout the industry. The Citi Investment Management (CIM) performance continues to be market-leading and our CIM team acts as a high-quality institutional service for our clients. We are extremely grateful to receive this accolade.”
The private bank was also acknowledged as finalists for Investment Performance (Growth Portfolios), Quality & Clarity of Reporting (UHNW) and Total Wealth Solutions Provider (UHNW) categories.
Citi Private Bank advises some of the world's wealthiest, most influential individuals and families. With $374 billion in global assets under management, the franchise includes 49 offices in 15 countries, serving clients across 139 countries. The firm offers clients products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance, banking and aircraft finance, as well as art and sports advisory and finance.
The PAM Awards are the highest regarded of the UK wealth management awards. Each year dozens of managers enter the Awards in an in-depth evaluation process and are reviewed by a panel of leading independent industry professionals. This year was no exception with entrants representing client assets in excess of £400bn.