June 2008
Citi makes a timely move to Dubai
The region’s importance could mean more banking officials relocating there.
Citis decision to relocate Alberto Verme, global co-head of investment banking, to Dubai, is the highest-profile move to the Middle East so far. He will be the most senior investment banker from a western institution in the region.
This is good news for Dubai, which is cementing its position as the regions financial centre. The move also says something about Citis strategy. Vikram Pandit, chief executive at Citi, says the bank is "convinced of the regions long-term and immense growth opportunities".
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