Citigroup, Inc (NYSE: C) announced on Tuesday that it has appointed Javed Kureishi as its new head of its Asian global subsidiaries group.
Kureishi currently serves as chief operating officer for Citigroup, Inc (NYSE: C)’ Middle East operations and will be replacing Agnes Liew, who will become Citigroup, Inc (NYSE: C)’s head of Asia Pacific corporate banking. Kureishi, who will be based out of Singapore, will take on his new role on September 1st and report to Robert Snell, global head of the global subsidiaries group, and Farhan Faruqui, head of global banking Asia Pacific.
Citigroup, Inc (NYSE: C) global subsidiaries group has operations in 16 countries in the Asia Pacific region and works with more than 85% of the Fortune 500 companies which operate in the region.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. The Company provides consumers, corporations, governments and institutions with a range of financial products and services. As of December 31, 2009, Citigroup had approximately 200 million customer accounts and did business in more than 140 countries. Citigroup operates through two primary business segments: Citicorp, consisting of its Regional Consumer Banking (RCB) businesses and Institutional Clients Group (ICG), and Citi Holdings, consisting of its Brokerage and Asset Management (BAM), Local Consumer Lending (LCL), and Special Asset Pool (SAP). In April 2010, Barclays PLC acquired Italian credit card business of Citibank International Bank plc. In May 2010, the Company announced the creation of a new Collateral Management Services unit within its Securities and Fund Services business.
