Citigroup, the global financial services company, has appointed Pramit Jhaveri as Citi Country Officer (CCO) of the firm’s businesses and franchise in India. In his role, Jhaveri will look after Citi’s businesses in India, including the institutional clients group, consumer banking and global cards and wealth management businesses, it said in a statement.
The development comes as Australia and New Zealand Banking Group named Mark Robinson, Citi's former South Asia head, as the head its south and South East Asian business today.
Jhaveri will be based out of Mumbai and will report to Shirish Apte, CEO of Citi Asia Pacific. He has been with Citi for over 23 years. Jhaveri was previously the head of Global Banking India and vice chairman, Asia Investment Banking of Citi. He led the firm’s India's investment banking franchise and the South Asia capital markets business.
In M&A front, Jhaveri has a fair knowledge and helped Indian corporates in their overseas expansion. Under him, Citi advised Tata Motors purchase of JLR and Tata Steel's acquisition of Corus, claims the statement.
“Jhaveri 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 us globally,” Apte said in the statement.