Support The Moscow Times!

Citi Branch Caters to Rich

Citigroup opened its first branch dedicated to Moscow's wealthy, 20 years after entering the Russian market.

The branch, in the elite shopping area of Ulitsa Petrovka, will provide clients who have assets in the region of $1 million to $15 million with investment services and access to "exclusive social events," the New York-based company said in a statement Monday.

The lender's Citigold wealth management service has accumulated more than 25,000 clients in Russia since its introduction in 2002, according to Amit Sah, the Moscow-based consumer banking head. "This concept has been successfully launched in Asia in key markets such as Hong Kong and Singapore," Sah said in the statement.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.