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Special focus: Sub-prime and leveraged loans

Special focus: Sub-prime and leveraged loans

Follow the buildup to today's subprime and leveraged loan problems.

Sovereign wealth funds

Sovereign wealth funds

An in-depth look at the state-owned sovereign wealth funds that dominate the attention of the world's financial markets

June 2008

Citi makes a timely move to Dubai


The region’s importance could mean more banking officials relocating there.




Citi’s 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 region’s financial centre. The move also says something about Citi’s strategy. Vikram Pandit, chief executive at Citi, says the bank is "convinced of the region’s long-term and immense growth opportunities".

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