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Managing Director for the Middle East and CEO for Citi resigns

Staff writer |
Dubai, United Arab Emirates - June 20, 2009, Dubai, United Arab Emirates - Citi announced that its Managing Director for the Middle East and Chief Executive Officer for Citi in the UAE, Mohammed Al-Shroogi, has resigned.

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Mr. Al-Shroogi will remain in his post at Citi until 31 August 2009 in order to ensure a smooth management transition. Moreover, he will remain engaged with Citi as a member of its Middle East Advisory Council, which the firm is establishing. A 30-year veteran of Citi,Mr. Al-Shroogi oversaw Citi's growing business in the Gulf, Levant and Pakistan region, previously serving as Citi Country Officer in Bahrain and Chairman of Citi Islamic Investment Bank (CIIB). A Bahraini national, Mr. Al-Shroogi moved to Dubai in 2006 in order to oversee the establishment of Citi's regional operations out of the Dubai International Financial Center (DIFC). Mr. Al-Shroogi also oversaw Citi's expansion into new markets in the region, including Kuwait and Qatar where the bank established full fledged branches in 2006 and 2007 respectiv

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