The Banking Executive Magazine- June 2026 Issue

Citi has appointed Rajeev Garg as the new Head of Wealth for Citibank N.A., UAE, effective June 18, 2026. Garg will lead the strategic advance- ment and performance of Citi’s Wealth vertical (Citigold, Citigold Private Client and Credit Cards) in the UAE, while strengthening the business’s risk and control frame- work in line with global standards and local regulatory requirements. The Private Bank will continue to be overseen by Mohannad Sleiman. In his new role, Garg will report to Yeo Wenxian, Head of Asia South Wealth, with a reporting line to Shamsa Al-Falasi, Citi Country Offi- cer and Banking Head and CEO of Citibank N.A., UAE. Citigold, Citigold Private Client and Credit Cards segment are a corner- stone of the Wealth business and Citi’s franchise in the UAE, serving a significant client base with compre- hensive wealth management solu- tions and leading digital capabilities. Garg’s leadership is expected to be instrumental in executing strategic priorities, enhancing the risk and control environment, and elevating the overall client experience across the region. Al-Falasi stated: "The UAE continues to be an important market for Citi's wealth management ambitions. Ra- jeev's appointment underscores our commitment to the country and our focus on delivering a client-centric experience across our wealth fran- chise. His leadership will be instru- mental in strengthening our position and ensuring we meet the evolving needs of our clients in the UAE." Wenxian added: "Rajeev's deep ex- pertise and proven leadership within Citi make him the ideal candidate to spearhead our Wealth business in the UAE. His vision and commitment will be crucial as we continue to grow our franchise and deliver ex- ceptional value to our clients." Garg brings 26 years of experience, including over 18 years at Citi across multiple roles and geographies. Most recently, he served as the Asia South Citigold Business Execution Lead, where he played a key role in driving business transformation and perform- ance. He has a strong track record in business execution, sales leadership, and strategic planning, and holds an MBA from Columbia Business School. the BANKING EXECUTIVE 56 ISSUE 209 MAY 2026 Career Chronicle