Fahad Aldeweesh has been named the new CEO of Citi Saudi Arabia, according to Citi. Aldeweesh will be in charge of all businesses and operations under the regional legal body as CEO of Citi Saudi Arabia. He will be in charge of managing Citi's operations and governance in Saudi Arabia, as well as directing the entire execution of Citi's strategy and providing client service there.
To promote franchise success and oversee regulatory interactions, Aldeweesh will collaborate closely with business partners. He will answer to Carmen Haddad, country officer for Citi Saudi Arabia and vice chairwoman of Citi Middle East. He has about 20 years of experience in investment banking and private equity, spanning the equity and debt capital markets as well as mergers and acquisitions.
Aldeweesh joins Citi after nine years at J.P. Morgan Saudi Arabia, the last three of which he spent as CEO and head of investment banking. He has served on the boards of some of the most prestigious foundations and institutions in the Kingdom. Aldeweesh had previously held executive positions with reputable financial sector organizations in the Kingdom, such as Standard Chartered, Amwal Alkhaleej, and HSBC.
“The Kingdom of Saudi Arabia is a strategically important market for Citi and we continue to invest in talent,’’ said Haddad. “Fahad is a seasoned banker with extensive experience in the financial industry. We are pleased to welcome him to Citi and look forward to working with him to support our clients in the region’s largest economy,’’ she said.