The Dalian branch, which will be the bank’s eighth branch in China, is expected to open in late 2007. The bank will offer general banking services, as well as CitiGold, its wealth management service.
William Rhodes, senior vice chairman of Citibank China and chairman, president and CEO of Citibank, said: Citi is delighted to be consolidating our presence in Dalian with the opening of a new branch. With its excellent infrastructure and outstanding support for foreign investment, the thriving city of Dalian represents a key city for Citi’s expansion plans in China.
Richard Stanley, chairman of Citibank China and CEO of Citi China, said: Citi remains deeply committed to pursuing organic growth in China, and the opening of our Dalian branch reflects the growing momentum of the Citi franchise in China. There is high demand here for banking and wealth management services, and we are dedicated to bringing world-class products and services to companies and individuals in Dalian.
