IPOs and rise in debt deals to boost Citi’s Middle East and Africa business – The National

IPOs and rise in debt deals to boost Citi’s Middle East and Africa business – The National

The continued momentum in investment banking deals and a pick-up in debt capital market transactions will help Citigroup’s Middle East and Africa business to post double-digit revenue growth this year, a senior executive has said.

The 29-market Middle East and Africa cluster is the fastest-growing region around the world for the US lender, Ebru Pakcan, head of Middle East and Africa cluster, told The National in an interview.

Its core business segments – including banking, markets, services and wealth management operations – will help it to maintain the growth trajectory of the past five years, she said.