Citibank announced the appointment of Amit Sah as head of retail operations in Russia and the CIS provided that legal approvals are obtained, the lending institution’s press service reported.
In his new capacity he will oversee the retail business strategy, retail business profitability and operating results. Amit Sah will be working in Moscow and report to Zdenek Turek, CEO of Citibank, head of Citi in Russia and the CIS, and also Sanjeeb Chaudhuri, Head of Retail Banking and Commercial Operations in Central and Eastern Europe.
Amit Sah will replace Joel Kornreich, who got a new appointment in Spain, on the post.
Based on Banki.ru data, as of April 1, 2010 Citibank’s assets stood at Rub 245.5 bln (17th place in Russia), capital (calculated in line with CBR requirements) totaled Rub 31.9 bln, the credit portfolio amounted to Rub 52.8 bln and obligations to households equaled Rub 33.2 bln.
