Sunday 22 April 2018

All-American banker heads back to the Kingdom

All-American banker heads back to the Kingdom:

"If anybody deserves the description “all-American”, it is surely Mike Corbat, chief executive officer of Citigroup. New England origins, a Harvard education, Ivy League American footballer and a Wall Street career are all evidence of the fact he was very definitely “born in the USA”, as is the in-bank nickname of “Clark Kent” — the alter-ego of Superman — due to his athletic physique and spectacles. But last week Corbat was turning his mind away from the USA and toward Saudi Arabia, as the bank formally ended a 14-year self-imposed exile from the Kingdom with a ceremony at its new offices in Riyadh, symbolizing its return to the lucrative markets it first entered in the 1950s, among the first American banks to do business in the region."



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