UAE – Mubasher: Citi UAE on Tuesday announced the opening of a new office at the Abu Dhabi Global Market (ADGM), Abu Dhabi’s international financial centre, the bank said in a statement.

“Citi continues to support the UAE’s growth and progress by investing in the country’s robust financial sector,” David Livingstone, CEO of Citi for Europe, Middle East and Africa, commented.

The newly opened branch will strengthen the bank’s presence in the emirate of Abu Dhabi, the subsidiary of New York-based Citigroup noted.

Located in ADGM Square Al Sila Tower, Citi’s ADGM branch will provide cutting-edge liquidity management services to clients establishing regional treasury centres in the UAE, along with offering a full range of Citi’s institutional banking capabilities, the statement said.

“The ADGM platform complements our existing footprint in the region and enables us to engage in a wide spectrum of wholesale banking businesses,” Elissar Farah Antonios, cluster head for UAE, Iraq and Levant, noted.

It is worth mentioning that Citi operates in 25 markets across the Middle East and Africa region, and offers services including corporate and investment banking, capital markets, sales and trading, transactions services, private banking and Islamic banking, according to the statement.

Source: Mubasher

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