US banking giant Citigroup has hired Elissar Antonios as new CEO for the UAE operation.

Based in Dubai, Antonio will report to Atiq Rehman, head of Citi’s Middle East and Africa region.

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Antonios was most recently the head of Citi’s Lebanon office.

Before joining Citi as head of private banking in Abu Dhabi in 2005, Antonios served at several global banks with a focus on Arab private banking clients.

Rehman said: "I am confident that Elissar’s leadership will add material value to our clients in the UAE, and help the firm develop more growth opportunities in the country."

Commenting on her appointment, Antonios said: "We have a very strong franchise in the country and will continue to provide the highest standards of products and services to our clients, while fulfilling our role as an active member of the UAE banking community."

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