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December 2004 - January 2005
India Link Business Dinner at Bombay Palace
India Link International Business Dinner was held at Bombay Palace
restaurant in London’s West End. The presentation for
the evening was given by a team of Citibank representatives
led by Messrs Kurian and Shailesh Jaiswal. The President Dr.
SP Sharma welcomed the members and guests. He hoped that the
presentation would be enlightening as well as entertaining.
Two decades ago, Citibank India realized that this community was one with unique financial commitments and banking needs. Living in one country with roots in yet another, NRIs were truly Global Indians, who required a portfolio of financial products and solutions that was both tailor-made and specialised. To provide them with these services, Citibank NRI Business was envisioned to make banking across continents not just possible, but also convenient.
With their vast experience behind them, the team at Citibank NRI Business functions from over 45 centers across the globe, At the moment they are managing assets worth over USD 5 billion. The work of this division of Citibank has become a model for other Indian banks targeting this class of exclusive Indians.
Catering to a varied set of customers, from 25 year-old software professionals to second-generation businessmen in Dubai or London to high-profile professionals in Hong Kong, the Business has maintained flexibility in its product set as well as its customer delivery to manage the expectations of NRIs across the world.
of the main reasons for the success of the Business has been the presence
of Indian Relationship Managers. Trained and certified financial professionals,
their Indian background helps them understand the NRI customers’ distinctive
needs and aspirations. Aided by this keen insight and armed with their
knowledge of investment products from around the world, they suggest
suitable options from a gamut of Treasury products, investment products
and India-based products.
Citibank NRI Business has set its goal high. Expansion plans to increase its operating centres are underway, as are plans to reach out to more Indians worldwide. With newer products and more constructive solutions, Citibank NRI Business stands ready to live up to its primary promise to the NRI community; to empower the successful Global Indian.
After the presentation, Dr. Chandru Malkani, of Vanis’ Ltd. gave a vote of thanks to the presenters and the members of the Business Forum.