If Muwaffak Bibi is in charge of your money, then you’re sitting on at least $25 million. The regional head of Citi Private Bank recently sat down with Executive to discuss where he would put that tidy sum and how the demands of high net-worth investor’s are evolving. E What kind of presence does Citi have in Beirut? We have had a presence since the 1950s and are mostly focused on corporate banking and investment banking. We cater to governments, to banks and to large multi-nationals and large corporations. We cover private banking also and we work very closely with the branch here, but we cover it mostly from offshore centers. E How are high net-worth individuals (HNWIs) faring in the region? This region in particular created a lot of excess wealth in the last 40 years as the oil boom started, and that has been reflected within the GCC
