Citigroup Appoints CEO For United Arab Emirates

Amisha Mehta Assistant Editor 3 February 2016

Citigroup Appoints CEO For United Arab Emirates

The US banking group has appointed its ex-Lebanon chief to the helm of the region.

Citigroup has appointed Elissar Farah Antonios as chief executive for the United Arab Emirates.

Antonios, who joined Citi in 2005, has served as the group's CEO of operations in Lebanon since 2012.

In her new role, she will report to Atiq Rehman, head of Citi's Middle East and Africa region. She recently took on responsibility for business in Sub-Saharan Africa, as well as the Middle East and North Africa.

Citi has been present in the Middle East for more than 50 years. It has five branches in the region, providing services such as banking, wealth management and consumer credit services.

The group recently reported net income of $3.3 billion and revenues of $18.5 billion for the fourth quarter of 2015. This compared to net income of $344 million and revenues of $17.9 billion for the same period a year ago. Private banking revenues were up 3 per cent year-on-year at $691 million in the quarter.

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