MoF may ask Dena Bank chief to step down:

02 July 2001

Citibank brings in top management changes Mumbai: Leading foreign bank, Citibank, has made some major senior management changes in the Indian operations.

Nanoo Pamnani, till recently chief executive and head of global consumer banking has been redesignated as chief executive and country corporate officer.

His post as head of global consumer banking has now been taken over by Sarvesh Swarup, who has returned to India after an 18-month stint with Citibank London. These operations would include the retail banking activities such as credit cards, auto, home and personal loans, fall under the global consumer bank.

Under the new changes Sanjay Nair, currently with Saloman Smith Barney in New York, will return back to India to take charge of the global wholesale banking business of the Indian operations.

Both Swarup and Nair will report in to Pamnani under the new structure.

This will result in Sujit Banerji, currently head of the global wholesale bank in India, moving back to London.