Citibank Builds New Room In Singapore, With Growth Slated For Regional Currencies

BANKS

Citibank plans to inaugurate a new 111-position trading room in Singapore early next year, expanding the present quarters from 96 positions, says country manager Eddie Tan. The new room is being built on the first floor of Citi's headquarters in the UIC Building.

Citibank's regional head of financial markets for Asia-Pacific, YS Wong, says market speculation in recent weeks that the bank is scaling back its interbank G7 presence and consolidating in the region is untrue and that the new room