#1- Much ado about nothing (in the Mideast): Reuters and Bloomberg are giving plenty of ink to Citi’s management shakeup, which the bank described in statement as having demanded “some difficult, consequential decisions, but we believe they are the right steps to align our structure with our strategy.”

Not much is changing in our corner of the world: Former KSA boss Carmen Haddad(LinkedIn) is “moving into the client organization” as vice chair for Mideast wealth and banking, where she will “provide senior level dialogue and coverage of key sovereign / government and private banking clients” while also advising on the growth the Citi’s business in the Kingdom. It’s a role she has been fulfilling since summer.

Both wire services note that Fahad Al-Deweesh succeed Haddad as country head for KSA, but that’s a role he has had since June, according to his LinkedIn profile. Aldeweesh joined Citi from JPMorgan’s Saudi operation.

#2- Saudi Aramco has hired Dan House (LinkedIn) from Socar Trading to lead its relatively new crude trading business in the Americas. House had a nine-year run at Mercuria Energy Trading before joining Socar. Bloomberg broke the news.

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