Skip to main content

The CEO of Citibank Israel, Nandan Mer is to retire soon, Ma'ariv reports.

Mer, who was appointed CEO of the Israeli branch two years ago, was promoted to a more senior position in the management of Citibank Europe.

According to the original plan, the bank was supposed to break even within a three-year period, but in light of the negative turn the Israeli economy has taken this will not be achieved.

TheStreet Recommends