Mr Fisher will play the critical role of growing the Citi franchise in Ukraine. He will report to Zdenek Turek, president of ZAO Citibank, head of Citi Russia and CIS, and will be based in Kyiv.

Mr Fisher has been with Citi for 26 years. He recently served as corporate banking regional head for Russia, Ukraine and Kazakhstan, during which time Citi arranged and underwrote over $150bn in financing for Citi’s clients in the region. He had previously served in regional and country roles across Asia, EMEA and North America.

Mr Turek said: “We are confident that Mr Fisher’s leadership and seasoned business management experience will add tremendous value to our clients and the growth of our Ukrainian business.”

Mr Fisher said: “I look forward to working with the excellent team on the ground to continue our momentum and deliver the full power of our universal banking model to clients in the region. Citi has built a truly great franchise in Ukraine, and Ukraine, being a country with huge potential for growth, remains one of the top priority markets for Citi in the region.”