Mumbai: Chief executive officer (CEO) of Citi South Asia, Mark T. Robinson, has decided to quit.
A senior Citibank official with knowledge of the development said Robinson has put in his papers and is expected to join Australia and New Zealand Banking Group Ltd (ANZ) to head its South Asian operations. The official did not want to be named, citing the sensitivity of the issue.
Citibank spokeswoman Indu Anand declined to comment.
New endeavour: Mark T. Robinson, a 25-year veteran of Citibank, is expected to head ANZ’s South Asian operations. Abhijit Bhatlekar / Mint
An email sent to Paul Edwards, group general manager, corporate communications, ANZ, on Robinson’s possible appointment as the South Asia head did not elicit any response.
The 25-year Citi veteran’s resignation comes a little over a year after he took over the reins of Citibank NA’s Indian unit from Sanjay Nayar in February last year.
Nayar had left the firm to join US-based private equity firm Kohlberg Kravis Roberts and Co. (KKR) as chief executive and India country head.
Robinson was the first foreign-origin CEO of Citi India in nine years.
He has been with Citi since 1984. Before his India assignment, Robinson was president of Citibank ZAO, Citi country officer for Russia and division head for Russia, Ukraine and Kazakhstan.
ANZ has recently received the Reserve Bank of India’s approval to set up operations in India and offer retail and wholesale banking services.
ANZ, which had exited India in 2000 after selling its Grindlays Bank unit to Standard Chartered Plc for $1.34 billion (around Rs6100 crore today), has been trying to re-establish its presence since 2006 as the bank’s senior management has constantly reiterated the importance of setting up operations in India to pursue its objective of being a “super regional bank” focused on Australia, New Zealand and Asia-Pacific.