Page navigation

Citi appoints Usman Ahmed Chief Executive Officer

Citi announced the appointment of Usman Ahmed as Chief Executive Officer for Citi Islamic Investment Bank (CIIB) & Global Islamic Banking.

  • United Arab Emirates: Wednesday, October 31 – 2007 at 09:10

Usman Ahmed.
Usman Ahmed.

sponsored link

/**/Combine indulgent luxury hotel facilities and the convenience of a home.
Emirates Marina Hotel & Residence, Dubai. Keep discovering.
Find out more at

What is a sponsored TextLink?


related stories

Dedicated Appointments RSS feed  Appointments RSS feed

  1. Lloyds TSB International expands corporate product range
  2. Naouri first President elected for the Jordanian Logistics Association
  3. Vice Versa appoints new General Manager, Dubai
  4. BNP Paribas extending business in the Gulf
  5. Duncan Macaulay Joins Credit Suisse as Head of Real Estate in the Middle East
  6. Ahmed Bin Sulayem named Chairman of DGCX
  7. PIC Solutions continues to expand in Middle East

» more Appointments news

Prior to this appointment, Usman was deputy CEO for Citi’s Global Islamic Banking business since 2006, and has held various product and geographic coverage positions at Citi in London, Bahrain and Pakistan since joining the bank in 1996.

Citi’s Global Islamic Banking operations were established in 1981 in London, and in 1996 Citi became the first international financial institution to set up a separately capitalized Islamic Bank – the Citi Islamic Investment Bank.

Since inception, Citi Islamic has player a pioneering and leading role in the development of Islamic Finance globally, having successfully arranged several billion dollars of Islamic transactions for issuers in the Middle East, Asia, Europe and Latin America. This includes the origination, structuring and distribution of numerous landmark Sukuk, syndications, project financings, Islamic advisory and investment products. Today, the bank is ranked as the leading bookrunner of international Islamic Finance transactions.

Commenting on his new appointment, Usman said: ‘I am delighted at the opportunity to lead the Citi Islamic franchise and look forward to a period of unprecedented growth in the industry and for Citi Islamic as we continue to innovate and offer Shari’a-compliant finance and investment solutions to our clients across the globe.’

Mohammed Al-Shroogi, Managing Director for the Middle East, Chief Executive Officer for Citi in the UAE, and founding Chairman of the Citi Islamic Investment Bank, said: “Usman has built a solid team of Islamic Finance transactors to capitalize on opportunities in one of the fastest growing segments in the Middle East & Asia. We are proud to be a driving force behind the development of Islamic banking methods that meet the needs of diverse clientele worldwide.”

Citi has been in the Arab World for nearly 50 years and continues to view the region as critical to its global franchise. It is currently present in ten Arab countries including Egypt, UAE, Lebanon, Jordan, Tunisia, Morocco, Algeria, Bahrain, Qatar and Kuwait.


Comments are closed.

Looking for something?

Use the form below to search the site:

Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!