Citibank (Switzerland) AG

Citibank (Switzerland) AG is the Swiss banking arm of Citigroup and operates under a Swiss banking license supervised by FINMA, focusing on corporate, institutional, and ultra-high-net-worth clients rather than retail banking. Its activities typically include private banking and wealth management (advisory and discretionary mandates), multi-currency accounts, Lombard and other secured lending, access to capital markets products and structured solutions, foreign exchange and derivatives, and services for corporates such as cash management, liquidity, trade finance, and securities services. Client onboarding follows Swiss and international compliance standards, including stringent KYC/AML requirements and tax documentation under FATCA and the OECD Common Reporting Standard, with cross-border marketing and product access constrained by client domicile and regulatory status. Relationship minimums are high and fee structures usually include custody and safekeeping charges, transaction commissions, advisory or mandate fees, and foreign-exchange spreads; inducements/retrocessions are handled in line with Swiss disclosure and consent rules. Eligible deposits are covered by the Swiss depositor protection scheme (esisuisse) up to CHF 100,000 per client, while custody assets are segregated under Swiss law; clients bear the credit risk of the Swiss entity, and resolution tools such as bail-in may apply under Swiss regulation. Service delivery is centered on relationship managers and institutional platforms, with e-banking primarily supporting execution, reporting, and payments rather than mass-market functionality. The franchise is positioned for cross-border private banking and corporate/institutional banking in Switzerland and does not operate a domestic retail branch network.