Citi Private Bank is understood to be looking to hire experienced high net worth bankers as well as support staff as part of its plans to form a dedicated HNW service in the EMEA region, WealthBriefing can exclusively report.

The bank has formed a dedicated service for high net worth and ultra high net worth clients; a suite of services is being rolled out to clients in the high net worth group – those with a net worth of up to $25 million – and the ultra high net worth group – those with over $25 million.

Leading the new team in London and Jersey is David Agie, who reports to Peter Charrington, head of Citi Private Bank. A similarly-focused team in Geneva is led by Toby Hansford who reports to country head Samir Raslan.

The move, which reaffirms Citi’s focus on the upper end of the wealth management spectrum, comes amid positive signals emanating from the bank. Sources close to Citi say that the firm is taking on new clients and that in the UK, this year’s figures are ahead of those for last year.