Citigroup Sending Top Banker To Dubai For A Foothold

Citigroup Sending Top Banker To Dubai For A Foothold

Citigroup announced late Wednesday that it was moving one of its most senior investment bankers to the Middle East, hoping to establish a stronger foothold in the oil-rich region.

The banker, Alberto J. Verme, a co-head of investment banking, is expected to head to Dubai by the end of the month after spending four years in London.

Mr. Verme will continue to oversee Citigroup's investment banking division alongside Raymond J. McGuire, his co-head based in New York. But he will also take a hands-on role in the region, helping develop relationships with new clients and build Citigroup's presence in the Middle East.

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