Citi Appoints Rajeev Garg as New Head of Wealth for the UAE

Rashad Iskandrni 

DUBAI, UAE – June 18, 2026 – Citi today announced the appointment of Rajeev Garg as the new Head of Wealth for Citibank N.A., UAE, effective June 18, 2026.

Garg will lead the strategic advancement and performance of Citi’s Wealth vertical (Citigold, Citigold Private Client and Credit Cards) in the UAE, while strengthening the business’s risk and control framework in line with global standards and local regulatory requirements. The Private Bank will continue to be overseen by Mohannad Sleiman.

In his new role, Garg will report to Yeo Wenxian, Head of Asia South Wealth, with a reporting line to Shamsa Al-Falasi, Citi Country Officer and Banking Head and CEO of Citibank N.A., UAE.

Citigold, Citigold Private Client and Credit Cards segment are a cornerstone of the Wealth business and Citi’s franchise in the UAE, serving a significant client base with comprehensive wealth management solutions and leading digital capabilities. Garg’s leadership is expected to be instrumental in executing strategic priorities, enhancing the risk and control environment, and elevating the overall client experience across the region.

Commenting on this appointment,  Shamsa Al-Falasi, Citi Country Officer and Banking Head and CEO of Citibank N.A., UAE, stated, "the UAE continues to be an important market for Citi's wealth management ambitions. Rajeev's appointment underscores our commitment to the country and our focus on delivering a client-centric experience across our wealth franchise. His leadership will be instrumental in strengthening our position and ensuring we meet the evolving needs of our clients in the UAE."

Garg brings 26 years of experience, including over 18 years at Citi across multiple roles and geographies. Most recently, he served as the Asia South Citigold Business Execution Lead, where he played a key role in driving business transformation and performance. He has a strong track record in business execution, sales leadership, and strategic planning, and holds an MBA from Columbia Business School.

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About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

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