Citibank India inflates Global Markets Team With New Hires

In a move highlighting continued investment in its Global Markets business in India, Citibank announced a number of significant hires across Credit Markets Trading, Structuring and Commodities to tap new business opportunities across these segments. According to Pankaj Vaish, Head of Markets for Citi India, these appointments further underline Citi's commitment to its clients in India.

"We remain committed to our clients in continuing to invest in our Markets franchise. To this end Citi has made a several significant hires strengthening our credit markets trading, structuring and commodities businesses. These hires strengthens Citi's overall market presence comprising of over 100 highly motivated and talented individuals in India," said Pankaj Vaish, Managing Director and Head of Markets at Citi India.

"India is a high priority market for the Asia Pacific region and with these new appointments, Citi is confident of continuing to be amongst the leading Markets franchises in India supporting our clients' needs across the entire spectrum of fixed income, currencies, commodities, credit trading and equities products and services," added Pankaj.

Some of the key new talent who joins Citi India in the credit markets trading and commodities team are:

Today, Citi is one of the largest foreign banks in India employing nearly 8,000 people and is integrally connected to the trade and capital flows in the region touching 7% of trade flows. Citi also plays a leading role in helping multi-nationals expand in India and also helping Indian companies grow overseas. Over the past three years, Citi has helped raise close to $60 billion from the capital markets for its clients in India and advised on nearly $25 billion of India-related M&A. In the consumer business, Citi has 42 full-service Citibank branches in 30 cities, with over 700 ATMs and a market share of over 20% in credit card spends.