Citibank Israel CEO Mer to retire - TheStreet

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.