Citigroup is merging its consumer banking unit in Europe, Middle East and Africa (EMEA) with Asia, the largest region for profit for the business outside North America, according to an internal memo seen by Reuters on Thursday.
Citigroup said it was pulling out of consumer banking in 11 markets, including Japan and Egypt, as the US bank with the biggest international business looks to cut persistently high costs.
The third-largest US bank, built with a s
Standard Chartered bank yesterday (March 5) said its net profit fell more than 16 per cent last year and warned of a difficult first half for this year following significant challenges for its South Korean operations.
Kuwait-based Gulf Bank has announced the appointment of Vikram Issar as general manager of Consumer Banking.
Issar, who joined the bank last month, was previously with Standard Chartered Bank in Singapore where he was chief operat
Citigroup has appointed of Dinesh Sharma as Consumer Banking head for Mena. He will be based in Dubai.
Sharma joined Citi in 1990, and has since assumed key business roles across a range of functions within Consumer Banking in Asi
National Bank of Abu Dhabi, the largest bank in the emirate, has appointed George Beatty as its new head of retail and consumer banking, three sources with knowledge of the matter said on Wednesday.
Beatty was previously in the same positi
Standard Chartered announced today the appointment of Khalid Elgibaly as head of Consumer Banking for the UAE and the Middle East.
Elgibaly brings more than 13 years’ regional banking experience to the role. He will oversee the bank’s cons
Standard Chartered Bank Bahrain has appointed C D K Sai Narain as the head of consumer banking for the kingdom.
He will also be responsible for the bank's consumer banking business across the Northern Gulf and Levant.
He will be re