Citibank UAE

Citi's presence in the UAE began in 1964 when the reputable company opened its doors in Dubai and then Abu Dhabi. 

Since then, the company has become known for continually providing quality and cutting-edge financial services and products in the market of UAE. Read on if you’re keen to learn more about Citibank UAE, its foundation, locations, structure, services, and more.

Overview

Here is a quick overview of Citibank UAE:

Founded:1964
Headquarters:Citibank U.A.E. Al Wasl Branch Dubai United Arab Emirates
Industry:Financial services and banking
Services:Retail banking, private banking investment banking, credit cards, e-brokerage, commercial banking, financial analysis
Official Website:https://www.citibank.ae/

Foundation

Originally established in NYC back in 1812 and currently headquartered in NYC, Citibank is a multinational financial services company with over 100 million clients across 98 countries and a revenue of almost $72 billion in 2021.

Founded in 1964 and headquartered in Dubai, Citibank UAE (سيتي بنك in Arabic) is the company's division that operates in the United Arab Emirates.

Following authorization by the Dubai Financial Services Authority to work as an authorized entity, Citibank launched its regional Middle East office in Dubai International Financial Centre (DIFC) in 2006.

Locations

There are 3 branches of Citibank UAE in the country:

  • Dubai, United Arab Emirates – Al Wasl Branch, Sheikh Rashid Road, Next to Wafi City – Dubai – United Arab Emirates
  • Abu Dhabi, United Arab Emirates –  Al Khyeli building – Al Manhal Street – Zone 1 – Abu Dhabi – United Arab Emirates
  • Sharjah, United Arab Emirates – Electronics – City Center Sharjah, Al Wahda Street, Ground Floor, next to Emax – Al Wahda St – Sharjah – United Arab Emirates

Services

There are multiple products that Citibank UAE provides to its clients, including retail banking, private banking, investment banking, credit cards, e-brokerage, commercial banking, and financial analysis. 

Since 2015, Citibank UAE has had a requirement for retail banking clients to maintain a minimum balance of 35,000 AED – or multi-currency AED equivalent – for a basic checking/current account with a debit card. Citibank UAE also charges 1 percent of the traded amount for each transaction plus 0.2 percent annual custody fees based on the assets’ average balance in custody (charged quarterly).

Structure

To help you find out more about who is in charge of Citibank UAE, we’ve listed Citibank’s leadership team below, including their names, positions, and biographies:

NamePositionBiography
Peter BabejChief Executive Officer
Asia Pacific
https://www.citigroup.com/citi/about/leaders/peter-babej-bio.html
Titi ColeChief Executive Officer
Legacy Franchises
https://www.citigroup.com/citi/about/leaders/titi-cole-bio.html
Nadir DarrahChief Auditorhttps://www.citigroup.com/citi/about/leaders/nadir-darrah-bio.html
Jane FraserChief Executive Officer
Citi
https://www.citigroup.com/citi/about/leaders/jane-fraser-bio.html
Sunil GargChief Executive Officer
Citibank, N.A.
https://www.citigroup.com/citi/about/leaders/sunil-garg-bio.html
David LivingstoneChief Executive Officer Europe, Middle East & Africa
https://www.citigroup.com/citi/about/leaders/david-livingstone-bio.html
Mark MasonChief Financial Officer Citihttps://www.citigroup.com/citi/about/leaders/mark-mason-bio.html
Brent McIntoshGeneral Counsel & Corporate Secretaryhttps://www.citigroup.com/citi/about/leaders/brent-mcintosh-bio.html
Mary McNiffChief Compliance Officerhttps://www.citigroup.com/citi/about/leaders/mary-mcniff-bio.html
Karen PeetzChief Administrative Officerhttps://www.citigroup.com/citi/about/leaders/karen-peetz-bio.html
Margo PilicChief of Staff Office of the CEO
https://www.citigroup.com/citi/about/leaders/margo-pilic-bio.html
Anand SelvakesariChief Executive Officer
Personal Banking & Wealth Management
https://www.citigroup.com/citi/about/leaders/anand-selva-bio.html
Edward SkylerExecutive Vice President
Global Public Affairs
https://www.citigroup.com/citi/about/leaders/edward-skyler-bio.html
Ernesto Torres CantuChief Executive Officer
Latin America
https://www.citigroup.com/citi/about/leaders/ernesto-torres-bio.html
Zdenek TurekChief Risk Officerhttps://www.citigroup.com/citi/about/leaders/zdenek-turek-bio.html
Sara WechterHead of Human Resourceshttps://www.citigroup.com/citi/about/leaders/sara-wechter-bio.html
Mike WhitakerHead of Enterprise Operations & Technologyhttps://www.citigroup.com/citi/about/leaders/mike-whitaker-bio.html
Paco YbarraChief Executive Officer
Institutional Clients Group
https://www.citigroup.com/citi/about/leaders/paco-ybarra-bio.html

Also check out the following list to learn more about the board of directors of Citigroup:

NamePositionBiography
Ellen M. CostelloFormer President, Chief Executive Officer, BMO Financial Corporation, and Former U.S. Country Head, BMO Financial Group
https://www.citigroup.com/citi/about/leaders/ellen-costello-bio.html
Grace E. DaileyFormer Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner, Office of the Comptroller of the Currency (OCC)https://www.citigroup.com/citi/about/leaders/grace-dailey-bio.html
Barbara DesoerFormer Chief Executive Officer, Citibank, N.A.https://www.citigroup.com/citi/about/leaders/barbara-desoer-bio.html
John C. DuganChair, Citigroup Inc.https://www.citigroup.com/citi/about/leaders/john-dugan-bio.html
Jane FraserChief Executive Officer Citihttps://www.citigroup.com/citi/about/leaders/jane-fraser-bio.html
Duncan P. HennesCo-Founder and Partner of Atrevida Partners, LLChttps://www.citigroup.com/citi/about/leaders/duncan-hennes-bio.html
Peter Blair HenryDean Emeritus and W. R. Berkley Professor of Economics and Finance New York University Stern School of Business
https://www.citigroup.com/citi/about/leaders/peter-henry-bio.html
S. Leslie IrelandFormer Assistant Secretary for Intelligence and Analysis, U.S. Department of the Treasury, and National Intelligence Manager for Threat Finance, Office of the Director of National Intelligencehttps://www.citigroup.com/citi/about/leaders/s-leslie-ireland-bio.html
Renée J. JamesFounder, Chair and CEO, Ampere Computinghttps://www.citigroup.com/citi/about/leaders/renee-james-bio.html
Gary M. ReinerOperating Partner, General Atlantic LLChttps://www.citigroup.com/citi/about/leaders/gary-reiner-bio.html
Diana L. TaylorFormer Superintendent of Banks, State of New Yorkhttps://www.citigroup.com/citi/about/leaders/diana-taylor-bio.html
James S. TurleyFormer Chairman and CEO, Ernst & Young
https://www.citigroup.com/citi/about/leaders/james-turley-bio.html

Customer Support

If you have any inquiries, you can use both phone and email to get in touch with the customer support team of Citibank UAE:

  • Phone number for Citigold clients: +971 4 311 4653
  • Phone number for others: +971 4 311 4000
  • Email: uaeservice@citi.com

Also check out:

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Ziga Breznik

Author

About the author

Ziga Breznik is the owner and head of research at PublicFinanceInternational.org – he is an active investor in the forex, crypto and stock markets – he has seen trading platforms disappear along with his investments – especially during the “crypto boom”. Ziga learned the hard way that finding a reputable and trustworthy online brokerage is key to long-term success in the financial markets. He founded PublicFinanceInternational.org as a platform where he shares his research with one goal in mind: to provide unbiased and trustworthy online brokers reviews.