Gulf Daily News - 1/6/2006

Citigroup yesterday appointed Mohammed Al Shroogi as Citigroup Country Officer (CCO) for the UAE and corporate and investment banking head for the Middle East, based in Dubai.

Mr Al Shroogi will oversee Citigroup's growing business in the Gulf and Levant countries, including the UAE, Bahrain Kuwait, Lebanon and Jordan. He will also be responsible for Citigroup's existing and future business with Iraq, Saudi Arabia and other Gulf countries.

Mr Al Shroogi has held the responsibilities of CCO in Bahrain and managing director for the Middle East.

In addition, he is the chairman of Citi Islamic Investment Bank (CIIB), based in Bahrain.

He established Citibank Bahrain Treasury as a major dealing room, strategically located between Asia and Europe, and established the Offshore Booking Unit of Citigroup based in Bahrain.

He is perhaps best known for building and nurturing a wide network of strategic business relationships for Citigroup in the Middle East, spanning key regulators, central banks, financial institutions, corporates and senior government officials.

"I am delighted to work in the UAE with a great team of professionals and to run a mature business that has been steadily built over the past four decades," said Mr Al Shroogi.

"The Middle East is an area of outstanding opportunity for Citigroup, given the region's impressive asset growth and the opening up of local markets.

"Together with the regional team, we will continue to provide the highest standards of banking service to our clients in the region and to fulfil our role as a pioneer in the region's financial industry."