Citibank Lebanon has appointed Antoine Maroun as its general manager, replacing Walter Siouffi, who has been appointed as chief executive of Citibank Morocco.

As part of his duties in his new role Maroun will oversee the firm’s private banking operations in the country, the bank told WealthBriefing. Prior to the appointment, Maroun served at Citi Private Bank in Geneva as senior private banker, covering Saudi Arabia and the Levant region.

"Citi started its Middle East business from Lebanon 60 years ago. It is our oldest franchise in the region. We have a good history in Lebanon and many time-tested banking relationships. Antoine's diverse experience will help us take our franchise to the next level," said Atiq Ur Rehman, Citi's CEO for the Middle East.

Citi has been present in the Arab world for nearly 50 years and views the region as “critical” to its global franchise. It currently offers full scale corporate and investment banking services in Bahrain, the UAE, Qatar, Kuwait, Lebanon, Jordan, Egypt, Tunisia, Morocco and Algeria.