News

Citi unveils Abu Dhabi office

CitiUS banking giant Citi has announced the opening of its first office in the Abu Dhabi Global Market (ADGM). A statement issued by David Livingstone, Citi’s chief executive for Emea, declared that the move is designed to strengthen its presence in Abu Dhabi and continue its policy of “investing in the country’s robust financial sector”. The new branch will offer a full range of institutional and wholesale banking services including liquidity management. Citi received the licence for the new office back in October 2018. The opening ceremony was attended by ADGM chairman Ahmed Ali Al Sayegh and Citi executives including Livingstone, Atiq Rehman, CEO for Middle East and Africa, and Elissar Farah Antonios, cluster head for UAE, Iraq and Levant. “The ADGM platform complements our existing footprint in the region and enables us to engage in a wide spectrum of wholesale banking businesses,” said Antonios. Citi currently operates in 25 markets across the Mena region covering corporate, private and investment banking as well as Islamic banking services and capital markets activity. ©2019 funds globla mena

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