Citibank names Kaustubh Kulkarni as co-head for investment banking in Apac

Citi has appointed Kaustubh Kulkarni, former JP Morgan India country officer, as co-head of investment banking for Asia Pacific, with his new role effective from December

US-based Citibank on Wednesday said it has appointed Kaustubh Kulkarni as co-head of its investment banking coverage for Japan, Asia North and Australia, and Asia South. Kulkarni will serve alongside Jan Metzger, who is the head of Asia Pacific Banking, Capital Markets and Advisory.

 

He will join in December, subject to necessary approvals, and will be based in Singapore. 

 

Prior to this, Kulkarni was with JP Morgan as the US-based bank’s senior country officer for India and vice chair of Asia Pacific region. He joined the bank in 1997, and was instrumental in driving some of the largest mergers and acquisition (M&A), debt and equity transactions for clients in Asia and India. 

 

Before joining JP Morgan, Kulkarni worked with the Tata Group and Siemens.  

 

He holds a Master of Management degree from IIT Mumbai and a B.E. degree in Mechanical Engineering from VJTI, University of Mumbai.

 

Meanwhile, another JP Morgan banker Satish Arcot has been hired by the Bank of America Corp. to head its capital markets business in India. Arcot will join Bank of America towards the end of the year.

 

In August, Citi hired Vikram Chavali as the Managing Director, Head of Global Asset Managers (GAM) for Japan and North Asia (JANA) and Asia South. Chavali joined Citi from Goldman Sachs and will join Citi later this year and will be based out of Hong Kong.

 

Additionally, Citi has also appointed Deepak Dangayach as the Managing Director and Co-Head of Debt Capital Markets for JANA and Asia South. He will join Citi later in the year and will be based out of Hong Kong.

 

Year to date, Citi has raised close to $200 billion for Asian Pacific clients from local and global capital markets, according to Dealogic data.