People Moves

Citi Appoints Team Head For Family Offices In Middle East

Sally Ling London 28 March 2013

Citi Appoints Team Head For Family Offices In Middle East

Citi Private Bank has named the team head for family offices coverage in the Middle East, a newly-created role based in Dubai.

Citi Private Bank has appointed Anthony Habis as senior banker and team head for family offices coverage in the Middle East. Citi confirmed to WealthBriefing that this is a newly-created role, based in Dubai.

Habis previously worked for Citi's institutional client group as a senior coverage officer, across both private and corporate banking. Before joining Citi, he was an executive partner and chief executive of Al-Khabeer International, focusing on ultra high net worth individuals, multi-family offices and large cap corporates in Saudi Arabia. He had also previously worked for National Australia Bank.

“We are excited to have Anthony on board in charge of enhancing our family offices proposition in the region,” Samir Raslan, head of Citi Private Bank in the Middle East and Turkey, said in a statement.

The private bank has made other moves to beef up its global presence. For example, in February, it brought in Luke Palacio as managing director and regional market manager for the Southeast US region, as the firm also expanded its UHNW Latin American business.  

Recent results have been positive. In January, it was reported that private banking revenues at Citigroup rose in the fourth quarter of 2012 by 12 per cent to $578 million from a year before.

In early January, this publication reported that the London-based chief investment officer of Citigroup’s private bank, Richard Cookson, had left the firm as part of cost cuts and amid a series of changes to senior management roles. 



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