Citi Private Bank names Mohammed Azab as Executive Officer in the UAE

Mohammed's key focus will be to develop, grow and manage Citi Private Bank's offices in the UAE as well as develop private banking relationships with high net worth individuals and families in the Middle East region. He will manage a team of Bankers, specialists covering investments, trusts, credit and general banking services, within the Citi Private Bank's platform.

Through offices in Abu Dhabi, Dubai, Bahrain and Kuwait, Citi Private Bank acts as a trusted advisor to the region's high net worth clients with their wealth management and investment needs, locally and globally. A significant number of private bankers, investment specialists, trust and estate planning professionals work closely to provide the region's wealthy with a holistic brand of wealth management covering both their personal as well as business wealth.

Mohammed is a seasoned banker with 28 years of experience at various banks. Before rejoining Citi Private Bank in 2007, Mohammed worked since 1999 for Arab Bank plc as UAE Country Manager based in Dubai. Prior to that Mohammed worked for 10 years in various senior positions in Bank of Bahrain & Kuwait (BBK) - at their Head Office in Bahrain. In 1996, he established and managed BBK's Representative Office in Dubai, a position he held for 3 years.

In 1981, Mohammed joined Citibank N.A. as a Corporate Credit & Marketing Officer and served as Resident Vice President in charge of the Abu Dhabi Financial Institutions business.

"I am delighted to lead Citi Private Bank in the UAE. We have built strong and stable relationships with top UAE and Middle Eastern clients over the years and served them well throughout the region," said Mohammed. "We now enter a new phase of service as we dedicate a full unit to this important client base. We will be supporting high net worth clients on the ground through a professional team of bankers delivering the highest standards of banking service."

Mohammed Al-Shroogi, Managing Director for the Middle East and Chief Executive Officer in the UAE, said: "Citi Private Bank is an integral part of our regional offering to our clients. Owing to his expertise in dealing with top clientele in the UAE and the rest of the region, Mohammed will be instrumental in building and supporting a strong client base and customizing comprehensive banking solutions to a discerning audience."

Citi has been in the Arab World for nearly 50 years and continues to view the region as critical to its global franchise. It is currently present in ten Arab countries including Egypt, UAE, Lebanon, Jordan, Tunisia, Morocco, Algeria, Bahrain, Qatar and Kuwait.