Citi India ramps up markets team

Citibank India today said it had made key appointments in its markets team primarily to further strengthen its fixed income, currencies, commodities, credit trading and equities businesses.

"Citi has made several significant hires strengthening our credit markets trading, structuring and commodities businesses," Citi India Managing Director and Head of Markets Pankaj Vaish was quoted as saying in a statement issued here.

Fixed income, currencies, commodities, credit trading and equities products and services will be the areas which will get strengthened through the new hires, he added.

The key appointments include those of Rohit Dusad, who joins from JP Morgan as director of origination in credit markets trading; Aditya Bagree, who joins from Nomura as director of credit structuring; and Chintan Shah from Morgan Stanley, who joins as Vice-President for credit trading.

In the past three years, Citi has helped raise close to $60 billion from capital markets for its Indian clients and advised on nearly $25 billion of India-related mergers and acquisitions, the American banking giant said.

Source: Business Standard