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