The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Nine Citibankers who went on to great things

Some Citibank alumni did not simply live on their legacy at Citi, but made their own legacies.

Shaukat Aziz

Such was the arrogance of the old Citibank regime that John Reed was widely quoted as believing his executives were diminishing themselves by working for countries rather than for his all-conquering bank. Not so now. Pakistan's finance minister, Shaukat Aziz, says: "It's a privilege for anybody to be asked to serve their country. I am now on leave of absence from Citi. I work here in Islamabad as a volunteer, I receive no compensation either from Citi or the government."

No banker was better equipped to bridge the divide between government and banking than Aziz. His work in Citi's corporate banking area had brought him into contact with several Asian governments, and his technical expertise equipped him with a knowledge of markets that he could impart to central bankers and finance ministers at whose tables he was a familiar guest. So in 1999, when he was asked by the non-elected president of Pakistan to take the finance role, he considered it "a patriotic duty to accept".

Aziz joined Citibank's Karachi office in November 1969 and worked in the Philippines, Malaysia, Singapore, Greece, the UK, Jordan and Saudi Arabia before moving to New York. At different times, he was head of the Asia Pacific region and head of central and eastern Europe, Middle East and Africa for corporate banking out of London.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree