Citi Picks Veteran Mideast Banker Tannir for Top Regional Role

Citigroup Inc. has hired Karim Tannir, one of the most senior investment bankers in the Gulf, to lead its Middle East and Africa business as part of its efforts to make deeper inroads into a lucrative region.

Tannir, who was most recently the head of HSBC Holdings Plc’s regional banking division, will be based in Dubai, the bank said in a statement on Wednesday. He will report to Vis Raghavan, the head of Citigroup’s new banking division and Ernesto Torres Cantu, who runs the international business.