Citigroup names veteran Pramit Jhaveri as India head

Citigroup announced today the appointment of Pramit Jhaveri as Citi Country Officer (CCO) of the firm's businesses and franchise in India. In this role, he will oversee all of Citi's businesses in India, including the Institutional Clients Group, Consumer Banking and Global Cards and Wealth Management businesses. Jhaveri succeeds Mark Robinson, who has decided to pursue an opportunity outside Citi. Based in Mumbai, Jhaveri will report to Shirish Apte, CEO of Citi Asia Pacific.

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.

I would also like to thank Mark for his outstanding service to Citi over a distinguished 25-year career and wish him the very best in his future endeavours."

Jhaveri is a 23-year Citi veteran, who was previously Head of Global Banking India and Vice Chairman, Asia Investment Banking, where he led Citi India's investment banking franchise and the South Asia capital markets business.

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 about $20 billion from local and international markets since 2009, the US bank said in the statement quoting data provider Dealogic.