Citigroup has appointed Carmen Haddad to rebuild its Saudi Arabian business more than 10 years after losing a key banking license in the kingdom, according to people familiar with the matter.
Bloomberg News reports that Haddad is leading Citigroup’s strategy and business development for the kingdom, where the New York-based bank doesn’t have a local presence, said the people, asking not to be identified because the appointment hasn’t been made public. She’s also set to become the bank’s chief executive officer in Saudi Arabia once it gets a banking license from the market regulator, the people said.
In the meantime, Bloomberg also reports that Blockchain startup Chain Inc. hired Goldman Sachs Group Inc.’s Tom Jessop as president, bringing aboard an executive who helped make the bank an early Wall Street investor in the bitcoin-related technology.
He joined Chain on Monday, reporting to Adam Ludwin, the chief executive officer, Ludwin said in a phone interview. Jessop, 50, who worked at Goldman Sachs for 17 years, was global head of technology business development and before that a senior leader in the principal strategic investments group, deciding what exchanges, electronic trading systems and financial-technology firms the bank would invest in.