06/06/2021
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Citi Financial is a financial management platform under Citibank. We provide a variety of financial products and financial management methods. We will customize financial management plans for you according to your requirements.
On January 16, 2009, Citigroup announced that it would split its business into two. Citigroup will be split into two parts: "Citibank" and "Citi Holdings". Citibank will retain the group's traditional banking business in more than 100 countries. Citi Holdings will incorporate some "non-core" asset management, consumer finance businesses, including CitiFinancial, Primerica Financial Corporation and 49% of "Citi Finance", as well as Citigroup's subsidiaries in Japan, Nikko Citi Holdings and Nikko Asset Management the company
On January 12, 2009, Citigroup announced the establishment of a new enterprise "Citi Financial", which will become the world's largest securities brokerage company, with 20,390 sales employees, and managing US$1.7 trillion in customer assets. Citigroup will use the US Smith Barney Securities Company, Australia's Smith Barney Securities Company and Quilter Company 100% of the shares, the latter provides private investment management services in the United Kingdom, and use 2.7 billion US dollars in cash, but does not include Citi Private Bank and Nikko Cordial Securities of Japan. Acquired 49% of "Morgan Stanley Smith Barney". After Citi sold Smith Barney), the book profit reached 5.8 billion U.S. dollars. According to Smith Barney's website, Smith Barney has 764 offices, 9 million US customers and 14,133 financial advisors around the world, providing customers with various financial services, including personal financial management and asset management services. Currently, it manages up to US$132.30 trillion in client assets
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