Mumbai: Citigroup on Monday named company veteran Pramit Jhaveri as the new head of its India business, replacing Mark Robinson, who has joined Australia and New Zealand Banking Group Ltd (ANZ).
Jhaveri, who was previously head of global banking in India 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.
New role: Pramit Jhaveri. Abhijit Bhatlekar/Mint
Jhaveri, a 23-year Citi veteran, will report to Asia-Pacific chief executive Shirish Apte, the bank said in a statement.
The Citi announcement comes after ANZ, Australia’s fourth largest lender, said on Monday 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 around $20 billion (Rs90,200 crore) from local and international markets since 2009, the US bank said in the statement quoting data provider Dealogic.