Citi announces the appointment of Carmen Haddad as Vice Chair

Citi is pleased to announce the appointment of Carmen Haddad as Vice Chair, Middle East Wealth and Banking. Carmen will transition her role as Citi Country Officer (CCO) Kingdom of Saudi Arabia (KSA) to Fahad Aldeweesh, CEO Citigroup Saudi Arabia by end of the year. Carmen is one of Citi’s most senior bankers in the Middle East with over 3 decades of banking experience and has played a significant role in the building of Citi’s formidable franchise in the region. Having joined the firm in 2000, Carmen held various roles in Citi Private Bank including family office head of one of Citi’s main shareholders, added CCO of Citi’s franchise in Qatar 2013-17 and CCO of KSA since 2017. Carmen played an instrumental role in paving the way for Citi’s re-entry in the Kingdom, growing the business, and elevating the profile of the Citi franchise in both Qatar and Saudi Arabia.In her new role, Carmen will focus on providing senior level dialogue and coverage of key Sovereign/Government and private banking clients; acquire and deepen business with institutional and private bank prospects and spearhead the Middle East Family Offices initiative for Banking and Wealth. This is in addition to her current involvement in key Institutional relationships in the region, including SWF and other Public sector clients. Leveraging upon the strong consistent relationships Carmen has built over the years she will, in an advisory capacity, also continue to play a key role in expanding Citi’s presence in KSA.Carmen will report to Manolo Falcó in Citi’s recently announced Client organisation.

Citi appoints Maria Ivanova as Citi Country Officer for the UAE

 Citi announced the recent appointment of Maria Ivanova as Citi Country Officer (CCO) for the United Arab Emirates. Maria will also assume the role of the Senior Executive Officer for Citibank NA DIFC, Citibank NA ADGM and Citigroup Global Markets Limited, DIFC branch.As CCO UAE, Maria will oversee all Citi’s businesses and operations across all the legal entities based in the UAE. She will work closely with the UAE management team and with Shamsa Al-Falasi, CEO of Citibank, N.A. UAE Onshore Branch to drive a client-centric growth strategy in the market while maintaining a robust control environment.Maria joined Citi in 1996 as a Corporate Banking Relationship Manager. Throughout her career, she has held various leadership roles including in Trade Finance and the Global Subsidiaries Group. Prior to assuming this current role, Maria was the Chief Operating Officer in Citi Russia and has served up till recently as Citi Country Officer for Russia.Commenting on her new role, Maria said: "I am delighted to lead our bank in the UAE and work together with our seasoned team of bankers on the ground to drive growth and success. With a full suite of banking and wealth management services, UAE is one of the flagship franchises for Citi globally, and I am looking forward to furthering our growth strategy and delivering the highest standards of products and services to our clients."In this new role, Maria’s remit extends to working closely with the Middle East & Africa (MEA) cluster leadership team to continue to develop and grow the businesses operating in the UAE, serving the rest of the MEA cluster. Ebru Pakcan, Cluster and Banking Head for the Middle East & Africa said, "We are pleased that Maria has assumed the responsibility of driving our business in the UAE. Maria has a strong track record of developing and implementing business strategy, consistent delivery of financial performance and a client-centric mindset. Her wealth of experience will be fully leveraged to tap growth opportunities in the UAE.”The UAE serves as the regional hub for Citi’s Middle East & Africa Cluster covering 29 markets. Citi UAE offers a full spectrum of financial services including Corporate & Investment Banking, Capital Markets, Sales & Trading, Transactions Services, Private Banking and Commercial Banking. In addition, it serves as one of Citi’s four global Wealth Management centers and continues to be a major player in local consumer services.

Citi appoints Omar Amireh as the new CEO for its business in Kuwait

Kuwait: Citi recently announced the appointment of Omar Amireh as the new Chief Executive Officer (CEO) for its business in Kuwait. As CEO, Omar will assume overall responsibility for driving Citi’s business in the country, and will report to Ebru Pakcan, Head of Citi’s Middle East and Africa (MEA) cluster.Omar will concurrently continue to serve as Corporate Banking Head, a position he has held since 2018, when he moved to Kuwait. Since starting his career in Jordan in 2005, Omar has held a variety of EMEA-wide roles across Citi’s businesses, having worked in Jordan, Kuwait, and the UK.“Citi has a remarkable history in the region and has been serving clients in Kuwait for more than 70 years. I’m excited to have the opportunity to lead the team, drive business and help our clients succeed” said Omar.Ebru Pakcan, Middle East & Africa Cluster Head said: “Omar’s extensive international experience and his in-depth knowledge of Kuwait will be of great value to our clients in this fast-growing market.”

Citi appoints Head of Markets for Middle East, Egypt, and Pakistan

Citi is pleased to announce that Kamal Benkabbou has been appointed Head of Markets for Middle East, Egypt, and Pakistan (MEEP) effective immediately.Kamal will build on solid foundations in MEEP to drive and implement a fully integrated growth strategy for Markets in the region. He will develop and execute a client-centric strategy delivering Citi’s Global Product offering into the region while developing and leveraging Citi’s local infrastructure and capabilities. He will be a key partner to regional leadership teams and product heads in Markets with a focus on identifying and delivering synergies and efficiency gains within Markets and with broader Institutional Client platform. Kamal will also be responsible for providing overall oversight of the Risks arising from Markets activities across the MEEP region.Kamal has been Head of Financial Institution Sales and Solutions (FISS) for the MENA region since 2019. He has been responsible for delivering significant growth in revenues in the region across Markets products. He also successfully led our efforts to instil a strong sales management discipline and foster a client centric culture.Kamal joined Citi in 2011 to develop our MENA Investor Sales franchise. Prior to Citi, he worked at Barclays Capital in London in a similar role. Kamal will continue leading the FISS effort in the region until a replacement is appointed. He will remain based in Dubai.