Citigroup names new chief executive for Qatar

US lender says it has appointed Carmen Haddad as it looks to invest further in its business in Gulf state
By Reuters
Tue 24 Jun 2014 09:31 AM

Citigroup has named
Carmen Haddad as its new chief executive officer for Qatar, the US lender
said on Monday.

Haddad is currently head of Citi's private banking
business in the Gulf and Egypt. She will continue in this role, as well as
taking on responsibility for Qatar, a hydrocarbon-rich state with the highest
per capita income in the world.

"We plan to build on our success in Qatar and
to further invest in our business based in the country to serve our government,
financial institution, and corporate clients," said Haddad, who has spent
14 years at the bank in various roles.

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