Citigroup ultimately plans to exit retail-banking operations in Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam
The move is part of an ongoing review of the company’s strategy by its chief executive officer
Wassim Al Khatib will lead Citigroup’s investment banking and markets business in Saudi Arabia
She will continue as country officer for the UAE, a role she assumed in 2016
The company was valued at about $500m in a 2019 funding round
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