Citibank Appoints Bob Koar as Regional President, U.S. Business & Commercial Banking, Eastern Region

Citibank today announced the appointment of Robert W. Koar as President Eastern Region, U.S. Business & Commercial Banking Group. In this role, Koar is responsible for implementing Citibank’s service and sales strategy for all key commercial banking markets from Boston to Miami.

Robert W. Koar named President Eastern Region, U.S. Business & Commercial Banking Group, Citibank (Photo: Business Wire)

“We’re delighted to be able to leverage such a recognized and proven leader for Citibank and a passionate commercial banking professional,” said Cece Stewart, President, U.S. Consumer and Commercial Banking.

Koar joined Citibank in 2006 and had most recently been the manager of the Atlantic Division for Business & Commercial Banking since 2009. Prior to joining Citibank, he spent over 25 years at Wachovia and its predecessor First Fidelity, managing its Commercial and Corporate Banking Businesses in New Jersey.

Citibank's global Commercial Banking presence accesses the world wide capabilities of Citibank to serve middle market clients in a global economy dependent on local resources and knowledge. “With our global reach and local roots, Citibank provides unparalleled insight and expertise to our clients, and I am confident that Bob will further our path to growth in this key market,” said Sunil Garg, Head of Global Commercial Banking.

Koar will have responsibility in his region for developing and executing comprehensive strategies that drive superior client service and business growth.

The Eastern region Koar oversees is comprised of Boston, Philadelphia, New York, New Jersey, Connecticut, Florida, and Washington D.C., Maryland and Virginia.

About Citi

Citi is a leading global financial services company, which has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. 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.

Citibank Commercial Banking provides banking solutions for medium-sized businesses at every stage of growth through a talented team of relationship managers, product specialists, and client service professionals.

Additional information may be found at www.commercialbanking.citibank.com

© 2011 Citigroup Inc. Citibank, N.A., Member FDIC. Citi and Citibank and Arc Design are registered service marks of Citigroup Inc.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50052930&lang=en