(Bloomberg) -- Citigroup is targeting a 10% increase in its Asian wealth assets under management this year as the region's growth creates more millionaires.
The trend of an "expanding middle-class and increasing concentration of wealth among affluent individuals in Asia is very much alive and continuing," Jonathan Larsen, Asia-Pacific head of consumer banking, said in an interview in Hong Kong last week. A 10% gain would match last year's growth.
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