Citibank Malaysia
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| Berhad, Licensed Banking Institution. | |
| Industry | Banking, Financial services |
| Founded | Present since July 1959 Incorporation in 1994 |
| Headquarters | Past – Medan Pasar Kuala Lumpur, Current - Menara Citibank, Jalan Ampang, Kuala Lumpur |
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Key people
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Mr. Lee Lung Nien(Chief Executive Officer), Ms. Tang Wan Chee(Company Secretary), Ms. Ho Li Chin(Company Secretary) |
| Products | Financial Services |
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Number of employees
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6,400 |
| Subsidiaries | Citigroup Global Markets Malaysia Sdn BerhadBhd Citibank Malaysia (L) Limited Menara Citi Holding Company Sdn Bhderhad (a subsidiary of Citicorp Overseas Investment Corp) Inverfin Sdn Bhd Citicorp Trade Services (Malaysia) Sdn Bhd Citigroup Transaction Services (M) Sdn Bhd |
| Website | citibank |
Citibank Berhad is a licensed commercial bank operating in Malaysia with its headquarters in Jalan Ampang, Kuala Lumpur. Citibank Berhad operates as a subsidiary of Citigroup Holding (Singapore) Private Limited. Commencing its banking operations in Malaysia in 1959, Citibank Berhad was locally incorporated in 1994.
Today, Citibank Berhad has 11 branches spread across Kuala Lumpur, Selangor, Penang, Kuantan, Malacca and Johor. It also provides its customers access to cash and a range of banking services through 11,000 MEPS (Malaysian Electronic Payment System) ATMs covering 2,000 locations nationwide.
Citibank Berhad (Citi) is a universal bank offering a wide range of banking and financial services including retail banking, institutional banking, and investment products and services. It also provides offshore financial services out of its office in Labuan, Malaysia. Citi is the only foreign bank to be rated AAA by the Rating Agency Malaysia for 15 consecutive years.
Citi's Malaysian operations are organized into the following business groupings:
▪ Institutional Clients Group
▪ Consumer Banking
▪ Cards
▪ Wealth Management
Citi is a market leader in credit cards holding the largest market share in sales volume (usage) and receivables, and a dominant share in wealth management. In addition, Citi is the top foreign bank for Corporate FX, cross border Cash Management, e-Payments and institutional investor transactions. Citi is also the number one custodian bank for foreign broker inflows.
Citibank has established strategic centres of excellence providing centralized operations in Kuala Lumpur, Penang and Johor Bahru through Citigroup Transactions Services (M) Sdn Bhd (CTSM, formerly known as Citigroup Trade Services Malaysia) which was incorporated in November 1994. Through CTSM, Citi became the first bank in Asia to select Malaysia as the location for financial BPO (Business Process Outsourcing) services leveraging upon the availability of a large, skilled, multi-lingual workforce in Malaysia.
The Penang hub is the largest trade processing centre in Citi globally and offers operations to support Citi's trade, cash management and commercial cards businesses covering over 100 countries with a corresponding network of 3,300 banks and services Asia, Europe, US, Africa and the Middle East.
The Kuala Lumpur center also handles activities across operations and technology including Anti Money Laundering transaction monitoring to identify and prevent possible money laundering activities; Securities & Funds Services, the Fraud and Authorization Center of Excellence and Global System Entitlement Administration.
Malaysia is also the center for Citi's regional trade processing and serves over 25 countries from the region and from as far afield as South Africa, Finland and the Americas.
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Wikipedia