Carmen Haddad appointed head of Citigroup’s Saudi head

MOVES- Carmen Haddad was appointed as the head of Citigroup Saudi Arabia, Bloomberg reports. Haddad is currently the chief executive of Citi’s business in Qatar and Citi’s senior private banker for the GCC, Egypt, and the Levant. Citigroup has appointed Haddad to rebuild the bank’s activities in the kingdom after a 10-year absence and “is in advanced discussions with Saudi Arabia’s Capital Market Authority for an investment-banking license to operate in the country.”