Group 1 - Citigroup's private banking division plans to expand its recruitment efforts in the Middle East, targeting regions such as Dubai, Saudi Arabia, and Abu Dhabi [1] - James Holder, who recently took over leadership in the Middle East, aims to recruit private bankers and has made several internal leadership adjustments since his appointment [1][3] - The Middle East is seen as a strategic area for expansion, with many countries implementing multi-billion dollar investment plans to diversify their economies away from oil dependence [1][2] Group 2 - The region has become a hot market for global IPOs, attracting wealthy individuals seeking lower tax rates and better living conditions [2] - Citigroup ranks among the top banks globally for providing advisory services for IPOs in the Middle East and Africa, with plans to build on this success [2] - The wealth management division of Citigroup has seen revenue growth, with a reported $2.2 billion in revenue for Q2, a 20% increase year-over-year [2]