07.01.2010 - Citi hints at Middle East expansion after top level shuffle
From Efinancialcareers-gulf.com: Citi says that the Middle East remains a "priority growth region" despite losing ground in the investment banking space last year. And, in the wake of appointing a new chief executive for the region, has suggested that an expansion is on the cards. Investment banking revenues in the Middle East slipped from $848m in 2008 to $660m last year, according to figures from Dealogic, and Citi's share of the pie shrunk substantially. It generated just $16m in 2009, compared to $50m in 2008, and slipped from second to eighth in the rankings...........................................Full Article: Source
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