Disposal of consumer banking business of Citibank Berhad in Malaysia to United Overseas Bank (Malaysia) Bhd.

RL&P News 1 November 2022

Advised Citibank Berhad as local counsel on the disposal of its consumer banking business to United Overseas Bank (Malaysia) Bhd, as part of Citibank group’s strategic refresh to shift the focus of its consumer business in Asia and EMEA to wealth management, and further strengthen its institutional network across the Asia Pacific.

Advising Citibank Berhad were Partners Chia Chee Hoong, Ang Sinn E, Jack Yow, and Kelvin Loh of Rahmat Lim & Partners.