For immediate release
Citigroup Inc. (NYSE symbol: C)
7 October 2010
Citi Appoints New Consumer Bank Head in Czech Republic
Prague - Citi has named Bhaskar Katta as Consumer Bank Head of Citibank Czech Republic, subject to mandatory official consents. The appointment highlights the increasing importance of consumer banking for Citi in the Czech Republic.
Bhaskar Katta, who begins his new role in October, has been working for Citi since 1993. He is a results-oriented business leader with proven track record across wide range of retail and corporate banking products, processes across various geographies as India, Dubai and Russia. Most recently Bhaskar had an opportunity to lead the Retail Bank in Citibank Russia. His role in Prague is to take over the responsibility for Retail Banking and Consumer Lending including Credit Cards business.
"The appointment is a part of our strategy to continue in expansion of the retail business and providing world class services. Mr. Katta brings valuable international experience to our business, given his recent roles in Russia and the Middle East, where Citi is one of the leading international banks", said Shahmir Khaliq, Managing Director of Citibank Czech Republic.
"I am very pleased to join Citibank in the Czech Republic and look forward to learn more from this market as also share my experience to grow our business over next few years. We will continue to focus on providing excellent customer satisfaction, which will be the key to our growth plans. We would like to offer clients with innovative and value added products and services which meet their highest expectations and build further on great achievements of Citi Shopping card and co-branded cards. We would look to further enhance the Citigold/Wealth Management proposition and grow the business." says Bhaskar Katta, new Consumer Head of Citibank Czech Republic.
Bhaskar Katta is married with 2 children.
Media Contact:Branislav Cehlarik / Tel: +420 233 061 661
Public Affairs Officer for Czech and Slovak Republics / Tel: +421 2 58230 472
Mobile: +420 775 864 444
Mobile: +421 905 894 845
Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.