Citi Names Karim Tannir Head of Middle East and Africa Banking Operations
Leadership Changes and Strategic Appointments at Citi
Karim Tannir’s Appointment and Role
DUBAI, April 29 (Reuters) - Citi named veteran banker Karim Tannir as its Middle East and Africa cluster and banking head, the U.S. bank said on Wednesday.
Strengthening Citi’s International Franchise
The move is part of a series of senior appointments between Dubai and London to strengthen the bank's international franchise, Citi said.
Tannir’s Responsibilities and Experience
• Based in Dubai, Tannir will oversee Citi’s MEA business across 59 markets, "spearheading the client strategy, the firm's regional franchise growth, and the engagement with regulators and key stakeholders."
• He has more than 30 years of experience in the region and most recently served as HSBC’s head of banking for the Middle East, North Africa, and Turkey. He previously spent over 25 years at J.P. Morgan, including in senior leadership roles
Succession and Additional Appointments
• Tannir will succeed Ebru Pakcan, who has been appointed chief operating officer for international and legacy franchises, while Mary McNiff will keep leading the lender's "expanding firm-wide policy simplification programme"
Executive Statements
• "As cross-border activity becomes more complex and more critical for our clients, the strength of our international franchise matters more than ever,” Ernesto Torres Cantú, Citi's head of international, said in the statement.
• "Our franchise in the region continues to perform with momentum, and we remain committed to the Middle East for the long term,” said Vis Raghavan, Citi's head of banking.
Implementation Timeline
• The appointments will be effective in August
(Reporting by Federico MaccioniEditing by Bill Berkrot)
