Citi India Names Rahul Soota Retail & Commercial Banking Head

Mumbai: Citi India today announced the appointment of Rahul Soota as head of retail and commercial banking, reesponsible for Citi's branch banking and Citigold Wealth Management, mortgages and Suvidha businesses and commercial banking, reporting jointly to N. Rajashekaran, country business manager, global consumer group, Citi India and Gaurang Hattangdi, head, commercial banking, Citi Asia Pacific.

Prior to this, Soota was managing director of Citifinancial where he led a comprehensive two-year long remodeling and repositioning exercise helping diversify its sources of revenue.  Soota joined Citbank in 1992 after his articleship at Pricewaterhouse and has headed mortgages and retail bank.

"This appointment also reflects Citi's move in Asia to integrate the two separate units that served this growing market segment into a single operating platform in the form of a new Commercial Bank," Citi said in an appointments release.

It added, "Previously, Citi served the small business and professional segment via the CitiBusiness brand, which was hosted out of the consumer bank, and the small and mid market enterprise segments from the local commercial bank under Citi's Institutional Clients Group."