Citi appoints new CEOs in EMEA

Published: July 7, 2009

Citi has appointed Bill Mills and Alberto Verme as CEOs and new regional leaders in the EMEA region.

Mills will continue to be responsible for Citi’s business in Western Europe and Africa and Verme for the business in Central and Eastern Europe and the Middle East. They will be jointly responsible for performance, strategy, and execution across EMEA.

Mills was previously CEO for Western Europe, Middle East and Africa. He held the position of chairman and CEO of Citi markets and banking for Europe, Middle East and Africa (EMEA). Before that, he was CEO of Salomon Smith Barney Asia Pacific and a member of the Salomon Smith Barney management committee. In this role, he was responsible for the firm's investment banking, equity, fixed income, private client services, and other operations conducted in Asia, Australia, New Zealand, and the sub-continent for the firm. Mills has been with Citi for 27 years.

Verme was co-head of global investment banking, based in Dubai. Before that appointment in 2008, he was head of global energy, power and chemicals investment banking from 2001. During his tenure, the franchise achieved world leadership and executed a number of marquee transactions including the Conoco-Phillips merger, the Sibneft-Yukos merger and several key restructurings. Verme joined Salomon Brothers in 1994 and worked as head and later chairman of Citi's Latin America investment banking group through May 2001.

“In each of the 104 countries where we operate and the dozens more where we do business, our clients and customers deeply value our unique capabilities and global perspectives,” says Citi CEO Vikram Pandit.

“In appointing these talented executives to drive our business in EMEA, I am reaffirming Citi's commitment to these markets and to helping our clients and customers execute on growth opportunities around the world,” Pandit states.