Alberto of Arabia

Citigroup is sending Alberto Verme, its global investment banking co-head, to Dubai from London. The move is a recognition of the increasing significance of the fast-growing Middle East region and the oil money sloshing around there. Citi isn’t alone in going after the honeypot of sovereign wealth funds and oil groups. But if it plays its cards right, Citi’s big shareholders in the region might give it an advantage. Of course, the competition is hotting up. Citi has been in the Middle East for ...