Amman - Citibank announced today the appointment of Mayank Malik as the Chief Executive Officer for Citibank Jordan replacing Ziyad Akrouk who is transferring, as CEO of Citibank Kuwait.
Mayank is a seasoned banker who has spent most of his 25-year banking career within Citibank ranks, mainly in Africa, the Middle East and Asia. Most recently, Mayank was the CEO of Citibank Bahrain where he oversaw the bank's activities across corporate and consumer banking for over three years.
Prior to moving to Bahrain, he served as the Citi Country Officer for Tanzania, and had managed a number of senior assignments in various areas of the corporate and investment banking across Asia, Africa, and the Middle East. He also served as Chairman of Bahrain Association of Banks and Chairman of the Tanzania Bankers Association.
Citibank Jordan was established in 1974 and is a fully licensed commercial bank having two branches in the capital city, Amman. The bank is considered a market leader in the fields of Corporate, Investment and Commercial Banking, serving both local Jordanian market as well as clients in Iraq.
In its 36- year presence in the Kingdom, the bank has evolved into an active corporate citizen, with a particular interest in supporting financial and higher education, microfinance and other humanitarian needs in the country.
"I am delighted to work in Jordan with a great team of professionals and to run a mature business that has been diligently built over the past four decades," said Mayank. "Together with the Jordan team, we will continue to provide the highest standards of banking service to our clients in the Kingdom and to fulfill our role as an active member of the Jordanian banking community."
Atiq Ur Rehman, Citi's Chief Executive Officer for the Middle East, said: "We value our presence in Jordan which dates back to the 1970s. We are very excited about Mike's appointment to lead our franchise in Jordan."
Citi has been in the Arab World for nearly 50 years and views the region as critical to its global franchise. It currently offers full scale corporate and investment banking services across ten Arab countries including Bahrain, UAE, Qatar, Kuwait, Lebanon, Jordan, Egypt, Tunisia, Morocco, Algeria, as well as Pakistan. Its consumer banking services cover Bahrain, UAE, Egypt and Pakistan, while it maintains close relationships with high networth clients in the region through the Citi Private Bank.
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About CitiCiti, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brands include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.
For more information, please contact:
Sara Abdelaziz
Public Affairs Officer
Citi
Tel: +962 (6) 5675-100
© Press Release 2010
