Citigroup names Pramit Jhaveri as India Head

Monday, 29 March 2010, 09:53 Hrs   |    19 Comments
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Citigroup names Pramit Jhaveri as India Head
Mumbai: Citigroup has named company Pramit Jhaveri as the new Head for its India business, replacing Mark Robinson, who has joined Australia and New Zealand Banking group, reports Sumeet Chatterjee from the Reuters. He will report to Asia Pacific Chief Executive, Shirish Apte.

Commenting on the appointment, Apte said, "Pramit brings a wealth of experience, excellent client relationships and an impressive track record of building market-leading businesses. He is ideally placed to drive our efforts to continue to invest and grow in India, which remains a priority market for Citi globally."

Jhaveri, who was previously the Head of global banking and vice chairman of Asia investment banking, will oversee all of Citi's businesses in India, including the institutional clients group, consumer banking and wealth management businesses.

The Citi announcement comes after ANZ, Australia's fourth-largest lender, said that it had hired Robinson from Citigroup to head its South and South East Asian business. ANZ, which has the largest Asian exposure among Australian banks, said Robinson would oversee 10 markets, including the priority markets of Indonesia, Vietnam, Malaysia and India, as well as the regional hub in Singapore.

Citi has helped Indian companies raise about $20 billion from local and international markets since 2009, the U.S. bank said in the statement quoting data provider Dealogic.

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