Citi names Keshav Sanghi India equities head

Citi names Keshav Sanghi India equities head

Mumbai: Citigroup said on Monday it named Keshav Sanghi as head of India equities, just two months after he joined the firm as head of sales and deputy head of equities for its Indian business.

Sanghi will replace Nikhil Nagle, who is leaving the company at the end of March to pursue his interests in wildlife photography and conservation, a Citi spokesman said.

Citigroup had said in February it hired several senior officials in India in recent months for its equities sales, trading and execution business to boost its presence in Asia’s third-largest economy.

Citi is a leading underwriter of Indian equities, having led key initial public offerings and other share sales during 2009 that helped raise over $5 billion for issuers.