TEL AVIV Oct 23 Citi has named Neil Corney as
chief executive of its Israeli subsidiary, replacing Ralph
Shaaya, the U.S. bank said on Wednesday.
Currently, Corney is head of markets at Citi Israel and is
responsible for management of the branch's balance sheet, local
markets trading activity and client hedging solutions.
Corney initiated and led the establishment of Citi's
Innovation Lab in Israel with the support of the Finance
Ministry and the Chief Scientist.
Corney was appointed as the country treasurer for Citibank
Israel in 2004. Prior to joining Citi Israel, he headed the
trading department in the treasury at Bank Hapoalim,
Israel's largest bank.
Shaaya, who served as managing director of Citi Israel for
seven years, has been appointed chairman of Citi Israel.
Corney's appointment is subject to approval from Israel's