Citi India Appoints Country Officer

Vanessa Doctor

30 March 2010

Citigroup has announced the appointment of Pramit Jhaveri as Citi country officer of the company's businesses in India.

Jhaveri has been with Citi for 23 years and was most recently the head of global banking India and vice chairman, Asia investment banking, where he spearheaded the bank's investment banking franchise in the South Asian country. He takes over from Mark Robinson, who has decided to resign from the company to pursue outside opportunities.

In his new role, Jhaveri will oversee all of Citi's operations in India, including the institutional clients group, consumer banking and global cards, and wealth management. Based in Mumbai, he reports to Shirish Apte, the CEO of Citi Asia Pacific.

"Citi has bulit a market-leading franchise in India and I look forward to working with the very strong and experienced local management team on the ground to achieve our growth plans in the market. Our focus is to continue to build out our core businesses and deliver the best Citi products and services to our clients in this priority market," said Jhaveri in a statement.

Citi India has 42 branches across 30 cities. With a capital invested over $3.8 billion, it is said to be the largest foreign direct investor in the country's financial services industry, with around 8000 staff.