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Mon 1 Feb 2016 02:38 PM

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US lender Citi names new CEO for UAE operations

Elissar Farah Antonios transfers from Citi Lebanon where she was CEO since 2012

US lender Citi names new CEO for UAE operations

US lender Citi has announced the appointment of a new CEO for its operations in the UAE, its largest franchise in the Middle East and North Africa.

Elissar Farah Antonios has been named CEO and transfers from Citi Lebanon where she has been the bank's CEO since 2012.

Antonios is a seasoned banker with extensive experience in Wealth Management. She started her career in 1990 in London and had served at several global banks with a focus on Arab private banking clients.

She joined Citi in 2005 as head of private banking in Abu Dhabi and later across all the UAE before assuming her Lebanon role.

Antonios said: "I am delighted to have the opportunity to lead Citi UAE. We have a very strong franchise in the country and will continue to provide the highest standards of products and services to our clients, while fulfilling our role as an active member of the UAE banking community."

Antonios will report to Atiq Rehman, head of Citi's Middle East and Africa region who said: "The UAE is Citi's largest and most diverse franchise in the Middle East and Africa regions, and a key market for corporate and investment banking as well as wealth management businesses.

"I am confident that Elissar's leadership will add material value to our clients in the UAE, and help the firm develop more growth opportunities in the country."

Citi is present in 24 markets in the Middle East and Africa regions. Its operations in the UAE include a full spectrum of wholesale financial services. Citibank, the consumer banking arm of Citi, is currently a major player in the UAE's credit card market.

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