Citigroup appoints Pramit Jhaveri to head Indian operations

Citigroup today announced the appointment of 23-year Citi veteran Pramit Jhaveri as Citi country officer (CCO) of its businesses and franchise in India, oversseing all of Citi's businesses in India, including the institutional clients group, consumer banking and global cards and wealth management businesses.

Jhaveri succeeds Mark Robinson, who has decided to pursue an opportunity outside Citi. Based in Mumbai, Mr. Jhaveri will report to Shirish Apte, CEO of Citi Asia Pacific.

Jhaveri was earlier head of global banking in India and vice chairman, Asia Investment Banking, where he led Citi India's investment banking franchise and the South Asia capital markets business.

Under Jhaveri, Citi has played a leading role in advising and providing financing for Tata Motors' purchase of JLR and Tata Steel's acquisition of Corus.

Commenting on the appointment, Mr. Apte said: "Pramit 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 Citi globally.