Citi Saudi Arabia appoints banking veteran Fahad Aldeweesh as CEO arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
-0.88%
Among all the major large banks, Citigroup has some of the deepest business relationships with the Kingdom and its massive business empire that includes petroleum production and more recently a move into other businesses such as technology..
But even with new CEO Jane Fraser taking over the bank just this week, Citi will maintain those ties, according to people close to the company.
With a market capitalization of nearly $145 billion, Citigroup is the nation s fourth-largest bank behind Wells Fargo, Bank of America, and industry leader JP Morgan. A company spokeswoman would not deny Citi will continue its close relationship with the Saudis.
It looks like this was the result of either:
A mistyped address
A broken link on our site
A broken link on a search engine results page
A broken link on someone else s page
Some things to try:
Use the navigation menu at the top Most Read
SHARE
Citibank UAE plans to expand its assets under management threefold to $15 billion by 2025 and will double the number of relationship managers to support the growth of its wealth management division.
The lender, among the top wealth management services providers in the UAE, is also looking to quadruple the size of its affluent customer base in the country over the five-year period, Citi said in a statement on Tuesday.
Growth will be driven by a mix of “physical and digital investments” including technology and by expanding Citi’s institutional products. The increasing use of technology to provide wealth advice on demand will also support growth, the bank said.