Walter Siouffi appointed Citigroup Country Officer in Lebanon

Mr. Siouffi is a seasoned banker having spent over 20 years in various positions at Citigroup, Royal Bank of Canada and American Express Bank. Most recently, Mr. Siouffi held the post of Corporate and Investment Banking Head for Citigroup in Lebanon, having first joined Citigroup in 2000 as a Emerging Markets Corporate Banking Head. He holds a Business degree in Commerce from Concordia University in Montreal, Canada.

"I am delighted to lead a great team of professionals and to run a mature business that has been diligently built over the past decade," said Mr. Siouffi. "Together with the Lebanon team, we will continue to provide the highest standards of banking service to our clients in Lebanon and to draw on Citigroup's regional strength given our embedded presence in key markets across the Arab World."

"Walter's new appointment comes at a time when Lebanon is reviving its role as a niche banking centre serving the local market as well as the region," said Mr. Michel Accad, Citigroup's Corporate and Investment Banking Head for the Middle East and North Africa Region. "Walter's diverse experience and strong banking background will help strengthen our comprehensive offer in Lebanon serving top clients in both the public and private sectors."

Citigroup's presence in Lebanon dates back to the 1950's. Since re-establishing its fully licensed branch in Beirut in 1996, Citigroup has emerged as a leading provider of innovative transactions including treasury products, and an active corporate citizen with a particular interest in supporting higher education, microfinance and other humanitarian needs of the country.

Citigroup has been present in the Middle East region for more than 50 years. The Bank is represented in the main regional markets including Algeria, Bahrain, Egypt, Jordan, Lebanon, Morocco, Pakistan, Tunisia, and the UAE. Citigroup also provides corporate and investment banking services to both domestic and multinational clients in locations where it does not have a bricks-and-mortar presence across the region.