Citi Islamic appoints new CEO

Citi has named Usman Ahmed CEO of Citi Islamic Investment Bank to be based in Dubai.
Usman Ahmed will don the mantle of chief executive officer of Citi Islamic investment bank and global Islamic banking.

Ahmed was earlier deputy CEO for CitiÆs global Islamic banking business, a position he has held since 2006. Ahmed has also held positions with Citi in London, Bahrain and Pakistan. He joined the US bank in 1996.

Citi set up global Islamic banking in 1981 in London, then in 1996 became the first international financial institution to set up a separately capitalised Islamic bank, The Citi Islamic Investment Bank.

Citi Islamic has arranged transactions for issuers in the Middle East, Asia, Europe and Latin America. Deals Citi Islamic has advised on include the origination, structuring and distribution of sukuk, syndications, project financing, Islamic advisory and investment products.

ôUsman has built a solid team of Islamic finance transactions to capitalise on opportunities in one of the fastest growing segments in the Middle East and Asia,ö says Mohammed Al-Shroogi, managing director for the Middle East and CEO for Citi in the United Arab Emirates.
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