The bank said that it is targeting offshore investors who are attracted to the stability and sophistication of the London savings and investment market, and UK expatriates and non-domiciled UK residents wanting to manage their tax planning through Jersey.

The offshore bank recently adopted the Citibank International Personal Bank name, and has re-launched its website to support its expansion plans.

Citibank International Personal Bank in EMEA (Europe, Middle East and Africa) provides offshore clients with a personalised banking and investment service to help them manage and grow their wealth from its offices in London and Jersey.

Globally, Citibank International Personal Bank offers client service from 14 centres in the Americas, Asia Pacific and Europe, has over 170,000 clients and has nearly US$28 billion of client assets under management.

“International banking, estate, tax and inheritance planning can be a daunting task, which we can now help make easier by the availability of this new tax advisory service," commented Jean-Louis Guisset, Head Citibank International Personal Bank, EMEA.

"Our team understands the international banking and investment market and our new name emphasizes the global scale and expertise of Citibank International Personal Bank that is available to clients now and over the long haul," he added.

Citibank International Personal Bank clients typically have a minimum of US$50,000 or currency equivalent to invest in London, or US$25,000 to domicile in Jersey.