Citi hires Zubaid Ahmad for its institutional clients group

Citi announced yesterday that Zubaid Ahmad will join the bank as vice-chairman of its institutional clients group, a newly created position, and will be a member of its senior strategic advisory group. He will lead Citi's global sovereign wealth fund coverage initiatives, helping to ensure the effective delivery of the bank's broad product capabilities to this important client group.

In his new role, he will work closely with Citi's public sector group, and will also help provide senior coverage support on cross-border initiatives.

Ahmad brings 25 years of global financial services industry experience to Citi, during which time he has worked on a large number of transactions in both the US and emerging markets, maintaining extensive relationships with corporate, private equity and sovereign wealth fund clients. He joins Citi from Standard Chartered and prior to that he worked at J.P. Morgan.

"Zubaid is a seasoned corporate and investment banking professional, and commands a tremendous depth of knowledge and impressive stable of client relationships. We are extremely pleased that he is joining us to help lead our team in delivering the uniquely powerful combination of Citi's global reach and product depth to our sovereign wealth fund clients," said John Havens, chief executive officer of Citi's institutional clients group.