Citibank Nigeria Limited (Citi Nigeria) yesterday announced the appointment of Mr. Omar Hafeez as the Managing Director/Chief Executive Officer of the bank.
A statement from the international bank explained that Hafeez also assumed the role of Citi Country Officer and would be responsible for all aspects of the Citi franchise in Nigeria.
This followed the exit of the bank’s former Managing Director, Mr. Emeka Emuwa, who is now the Group Managing Director/Chief Executive Officer of Union Bank Nigeria Plc.
Hafeez, according to the statement, has been based in Nigeria since 2010, and hitherto was Executive Director responsible for Corporate and Investment Banking at Citi Nigeria.
Hafeez started his career at Citi in 1994 in Pakistan, and served as Head of Corporate Banking from 2004 to 2007. Prior to relocating to Nigeria, he was the Managing Director for Citi in Tanzania. He has 18 years of experience operating in emerging markets, covering a cross-section of industries.
“He has extensively advised both private sector clients and governments on financial solutions across a range of products. He has represented Citi at various forums and presented papers both nationally and internationally,” the statement added.
Commenting on the appointment, Chairman of the Board of Directors for Citi Nigeria, Mr. Olayemi Cardoso, said: “The board and management of the bank are extremely pleased with the appointment of Hafeez. We believe that his extensive experience operating in complex emerging economies would prove vital for Citi Nigeria and provide the necessary leadership for the bank to continue to thrive and be successful.”
Prior to joining Citi, Mr. Hafeez spent five years with Kershen Fairfax & Co. Chartered Accountants in the United Kingdom.
He holds a bachelor’s degree in law from the University of London. He is also a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) and a Fellow of the Institute of Chartered Accountants of Pakistan (ICAP)