Citibank (C.US) Private Bank targets wealthy clients in the Middle East, increases local hiring to expand business.

According to the Wise Wealth APP, Citigroup's private bank is planning to launch recruitment activities in the Middle East region. This is part of the Wall Street giant's global expansion of services for ultra high net worth individuals. James Holder took over the leadership of the department in the Middle East this year. In an interview, he stated that he plans to recruit private bankers to provide services in regions including Dubai, Saudi Arabia, and Abu Dhabi.