Citi announces the opening of its new offices at the Abu Dhabi Global Market (ADGM), Abu Dhabi’s international financial centre.
H.E. Ahmed Ali Al Sayegh, ADGM Chairman, attended the inauguration ceremony, joining Citi executives David Livingstone, CEO for Europe, Middle East and Africa; Atiq Rehman, CEO for Middle East and Africa; and Elissar Farah Antonios, Cluster Head for UAE, Iraq and Levant.
“Citi continues to support the UAE’s growth and progress by investing in the country’s robust financial sector,” said Livingstone. “We are delighted to deploy our best-in-class global capabilities out of ADGM, which strengthens our presence in Abu Dhabi, for the benefit of our clients and partners.”
Citi’s ADGM branch, located in ADGM Square Al Sila Tower, will provide cutting-edge liquidity management services to clients establishing regional treasury centres in the UAE, and will offer the full range of Citi’s institutional banking capabilities.
“Abu Dhabi is an important market with tremendous potential,” said Antonios. “The ADGM platform complements our existing footprint in the region and enables us to engage in a wide spectrum of wholesale banking businesses.”
In October, Citi obtained a licence from ADGM’s Financial Services Regulatory Authority to set up a branch of Citibank NA at ADGM.
Citi is present in 25 markets in the Middle East and Africa region, and offers services including Corporate & Investment Banking, Capital Markets, Sales & Trading, Transactions Services, Private Banking and Islamic Banking. Citi also offers Consumer Banking in two markets, the UAE and Bahrain.
