Citi appoints new CEO of EMEA
17 January 2019 London
Image: Shutterstock
Citi is to appoint David Livingstone as its new CEO for Europe, the Middle East and Africa (EMEA), following regulatory approval.
The announcement follows the news that current CEO for EMEA Jim Cowles, is to leave Citi after 39 years of service.
Livingstone joined Citi in 2016 and is currently Citi’s CCO for Australia and New Zealand.
Livingstone has more than 30 years of experience in banking across investment banking and capital markets at Credit Suisse, HSBC and Goldman Sachs, both in Europe and Asia.
At Credit Suisse, Livingstone was vice chairman of investment banking and capital markets and
head of mergers and acquisitions at HSBC, he was head of investment banking advisory.
Mike Corbat, chief executive of Citi, said: “In September, Citi announced that Jim Cowles has decided to leave Citi to establish a not-for-profit organisation.”
He added: “Since joining Citi, David Livingstone has done an excellent job leading our franchise in Australia, driving stronger partnership between our institutional and consumer businesses, expanding our credit cards business through the acquisition of the Coles portfolio and bringing a fresh perspective to broader opportunities for Citi in the market.”
The announcement follows the news that current CEO for EMEA Jim Cowles, is to leave Citi after 39 years of service.
Livingstone joined Citi in 2016 and is currently Citi’s CCO for Australia and New Zealand.
Livingstone has more than 30 years of experience in banking across investment banking and capital markets at Credit Suisse, HSBC and Goldman Sachs, both in Europe and Asia.
At Credit Suisse, Livingstone was vice chairman of investment banking and capital markets and
head of mergers and acquisitions at HSBC, he was head of investment banking advisory.
Mike Corbat, chief executive of Citi, said: “In September, Citi announced that Jim Cowles has decided to leave Citi to establish a not-for-profit organisation.”
He added: “Since joining Citi, David Livingstone has done an excellent job leading our franchise in Australia, driving stronger partnership between our institutional and consumer businesses, expanding our credit cards business through the acquisition of the Coles portfolio and bringing a fresh perspective to broader opportunities for Citi in the market.”
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