About Citibank Australia

I want to get the details about Citibank Australia so can you please provide me?

[Shaleen]

Citibank Australia was established in 1985 and was one of the first foreign banks to be granted a banking licence in Australia

It is one of the largest international banks in the country.

The national headquarters have been located at the Citigroup Centre, Sydney.

Citibank currently has major centres in Melbourne, Perth, and Brisbane and employs a total of about 1,200 Australians.

Divisions-

Citibank Australia comprises the consumer group division of its parent company, Citi Australia.

The other two divisions of Citi are markets and banking, and wealth management.

Citi Global Consumer Group:

Under this division fall Citibank and Diners Club. The Diners Club Card is a charge card started in 1950, the first of its kind.

Citi Markets and Banking:

This division of Citi performs a multitude of functions, including underwriting equity and debt, providing advice about mergers and acquisitions and providing services in cash management, custodial, foreign exchange, trade and treasury.

Citi Global Wealth Management:

This division of Citi includes Citi Private Bank, Citi Smith Barney and Citi Investment Research.

Retail banking.

Citibank rapidly expanded its retail banking in May 2011, opening new branches in most major shopping centres such as Castle Towers, and the QVB.

Citibank Australia offers its customers home loans and personal loans, savings accounts, credit cards and insurance.

It is also one of the biggest providers of superannuation funds in Australia.