Citi sees positive economic outlook in the face of global challenges, market headwinds

Citi, the country’s leading foreign bank, remained positive on the Philippines while sharing its mid-year economic outlook for 2017at an event exclusively held for Citigold clients.

Citi Philippines CEO Aftab Ahmed (center) flanked by (L-R) Citicorp Financial Services and Insurance Brokerage Philippines, Inc. President Lester Cruz; J.P. Morgan Asset Management’s Supreet Bhan; Citi Philippines Retail Banking Head Rene Aguirre; and BlackRock’s Eric Mueller.

Citi Philippines CEO Aftab Ahmed welcomed clients to the event, and thanked them for their unwavering support and continued confidence in the bank. “Your presence here means that we have your trust. Without your trust, we would not have your business,” he said. “Thank you for giving us the opportunity to be your financial partner, providing financial solutions that meet your needs.”

Ramon Tejero, Investment Product Head of Citicorp Financial Services and Insurance Brokerage Philippines, Inc., provided an insightful overview of the Philippine economy in the 1sthalf.

According to Tejero, the tax reform agenda presently being pushed by the administration should help prop up the economy to a higher level. While the economy is still very much driven by OFW remittances, he said the tax reform with its aim to reduce income tax payments, can play a big role in boosting local consumption.

In the same event, J.P. Morgan Asset Management Executive Director and Southeast Asia Funds Head Supreet Bhan gave an outlook on Asia, while Eric Muller of BlackRock’s Multi-Asset Strategies Group gave an update on global markets.

In his closing remarks, Citi Philippines Retail Banking Head Rene Aguirre assured clients that Citi will continue to offer personalized services and deliver world-class investment capabilities through Citicorp Financial Services and Insurance Brokerage Philippines, Inc. (CFSI), Citi’s brokerage arm.

As the preferred wealth management partner in Asia and in the country, Citigold helps clients grow, manage and protect their wealth, and secure their financial future with its team of experts, unmatched research services, world-class products, global access, and exclusive privileges and rewards.  

For more information about Citigold, visit www.citibank.com.ph, go to the Citi branch nearest you, or call (632) 995 9888 for more details.