He will report to global transaction services CEO Francesco Vanni d’Archirafi.

Sultan will serve as a director on the board of Citibank Europe and Citibank Turkey, and is also a member of Citi’s EMEA operating committee, and the management committees of the institutional clients group and global transaction services.

Prior to this appointment, Sultan was head of cash management solutions for GTS in EMEA. He joined Citi with Saudi American Bank (SAMBA), an affiliate of Citibank, in 1993 where he held several senior positions including global transaction banking group head and senior country operations Officer.

Citi said as a part of its continuing effort to grow its franchise, GTS will also make changes in the way it manages the developed and emerging markets in Europe, Middle East and Africa, among other efforts.

The region will be split into two segments; Western Europe, under the continued management of Aidan Brady and Central and Eastern Europe, Middle East and Africa under the leadership of Elias Panayotopoulos.

Citi added that this new structure will enable GTS EMEA to pursue a differentiated strategy and approach to the developed and emerging markets, and leverage Aidan and Elias’ experience in these geographies.

Citi Global Transaction Services CEO Francesco Vanni d’Archirafi said that Naveed has done an exceptional job heading its transaction services business in Europe, Middle East and Africa for the past four years, and has positioned GTS EMEA strategically for medium- to long-term growth.

"As an 18 year veteran of Citi, we look to him to continue our long established track record of excellence driven by innovation, client service and financial performance across treasury and trade," Vanni d’Archirafi said.

Aidan Brady has been with Citi for 25 years, with the last four dedicated to managing GTS’ Western European division, with responsibility for 17 countries. He will continue to be based in Dublin, where he will remain Citi country officer for Ireland and CEO of Citibank Europe.

Elias Panayotopoulos has been with Citi for 37 years. He has spent the past eight years as GTS Central and Eastern Europe division head, with responsibility for 12 countries.