SWF Radar

TheStreet.com reports that, “Citigroup on Thursday said it was moving its co-head of investment banking to Dubai, reflecting a greater emphasis on the Middle East. Alberto Verme will continue to head the bank’s investment banking unit with Ray McGuire, who remains based in New York. The emphasis on the Middle East comes on the heels of substantial investments in the reeling bank from the region, including capital infusions from the Abu Dhabi Investment Authority, the Kuwait Investment Authority and Saudi Arabia’s Prince Alwaleed bin Talal since November.”