Citi Malaysia's consumer business to operate as normal

KUALA LUMPUR: Citi Malaysia has assured its customers that its consumer business operations and offices will operate as normal following the announcement that Citigroup will shutter its consumer banking business in Malaysia.

Citigroup CEO Jane Fraser announced last week that the banking group will focus its global consumer bank presence in Asia and Europe, Middle East and Africa on global wealth centres, leading to its exit from consumer franchises in 13 markets, including Malaysia.